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As of 2021, the average house price in New Zealand exceeded $1,000,000 [36] In 2017, the Demographia think-tank ranked Auckland's housing market the fourth-most unaffordable in the world—behind Hong Kong , Sydney and Vancouver —with median house prices rising from 6.4 times the median income in 2008 to 10 times in 2017. [ 37 ]
In February 2021, the Auditor-General investigated a scheme by the Ministry of Social Development where private landlords were paid exorbitant rental rates for emergency housing; some of which was reportedly unfit for human habitation. [8]
The Act specified that the rent was to be 5% per annum of the capital cost of the house and land, together with insurance and rates. The initial specification was that houses should cost no more than £300, but this was raised to £350–400, depending on construction materials, by the 1905 Amendment Act. [ 11 ]
The top rate was 43.75% in 1921. Tax rates were lowered in the 1920s and in 1930 the top income tax rate was set to 29.25%, and the threshold lowered to £260 of annual income. [7] By 1939, and before World War II, the top rate was 42.9%. During the war, there were huge rises in the top rate, taking it to 90%.
Auckland New Zealand: 8.6 8 San Jose, California United States: 8.5 9 San Francisco United States: 8.4 10 London (Greater London Authority) United Kingdom: 8.2 11 Honolulu United States: 8.0 12 San Diego United States: 7.3 13 Bournemouth and Dorset United Kingdom: 6.9 13 Adelaide Australia: 6.9 15 London Exurbs (east and southeast England ...
Auckland (/ ˈ ɔː k l ə n d / AWK ... and house prices have grown way well above the rate of inflation in recent ... [130] From around November 2021 to May 2022 ...