Property Management

Dream of an urban paradise

The state of property present and future is outlined in a study which looks at the shape of Auckland over the next 50 years.

Monday, March 24th 2003

Auckland has about 400,000 homes and is growing by 21 houses a day. At this rate, we will need about 720,000 houses by 2050.

"Without some sort of strategy, twice as many houses in Auckland could mean a city stretching from Warkworth to Pukekohe," Lindsey writes.

"If this is not the kind of Auckland we want, perhaps there is another option. Maybe some people would not mind - even prefer - to live in houses with smaller sections. It would perhaps suit others to live in apartments with no section. A third group of people will probably still prefer a larger house in the suburbs."

* Just over one in every three homes in Auckland is rented;
* Auckland houses are worth nine times the average personal income before tax. Ten years ago, they were worth seven times the average personal income;



Read More - Opens in a new window

Most Read

Unity First Home Buyer special 4.29
SBS FirstHome Combo 4.29
China Construction Bank 4.85
Co-operative Bank - First Home Special 4.85
ICBC 4.85
Kiwibank Special 4.89
Westpac Special 4.89
BNZ - Std 4.89
SBS Bank Special 4.95
AIA - Go Home Loans 4.95
Co-operative Bank - Owner Occ 4.95
Nelson Building Society 4.93
ICBC 4.95
AIA - Go Home Loans 4.95
Wairarapa Building Society 4.95
TSB Special 4.95
ANZ Special 4.95
ASB Bank 4.95
SBS Bank Special 4.95
Westpac Special 4.95
China Construction Bank 4.95
Kiwibank Special 4.95
SBS Bank Special 5.39
ICBC 5.39
Westpac Special 5.39
BNZ - Classic 5.59
BNZ - Std 5.59
Co-operative Bank - Owner Occ 5.59
ASB Bank 5.69
AIA - Go Home Loans 5.69
Kiwibank Special 5.79
Kainga Ora 5.79
ANZ 5.79
SBS Construction lending for FHB 3.94
AIA - Back My Build 4.44
CFML 321 Loans 4.99
Co-operative Bank - Standard 5.95
Co-operative Bank - Owner Occ 5.95
Heartland Bank - Online 5.99
Kiwibank - Offset 6.35
Kiwibank 6.35
TSB Special 6.39
China Construction Bank Special 6.44
ASB Bank 6.44

More Stories

Four decades of 6-7% yearly house price growth ending

Friday, March 21st 2025

Four decades of 6-7% yearly house price growth ending

New Zealander’s reliance on property capital gains in the mid-single digits is at an end.

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

Friday, January 31st 2025

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

It’s been years in the making and former real estate agent Mike Harvey is now coming to market with his platform matching buyers and sellers, an offering he says will be a gamechanger for the industry.

Leaving last year's stumbling housing market behind

Friday, January 17th 2025

Leaving last year's stumbling housing market behind

As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.

Don’t bet on house prices rising faster than incomes

Wednesday, January 15th 2025

Don’t bet on house prices rising faster than incomes

Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.