It is certainly on our “what keeps us awake at night” list. Auckland prices have risen a further 24 percent over the past year, stretching the price-toincome ratio for the region to 9. This is double the ratio for the rest of New Zealand and places Auckland among the world’s most expensive cities.
New housing supply has been growing but nowhere near fast enough to make a dent in the existing housing shortage. In the meantime, net migration is at record levels and investors continue to expand their influence in the Auckland market.