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As of 2019, the average house price in New Zealand exceeded NZ$700,000, with average prices in the country's largest city, Auckland, exceeding $1,000,000 in numerous suburbs. [33] The ratio between median house price and median annual household income increased from just over 3.0 in January 2002 to 6.27 in March 2017, with Auckland's figures 4. ...
The 1960s and 1970s saw rapid development of suburbs on the North Shore, and by the 1980s Howick, Manurewa and Papakura had become part of the Auckland urban area. [1] Current predictions of urban growth show new suburbs developing in northwestern Auckland near Whenuapai , and a continuous urban expansion between Papakura and Pukekohe .
Instead, by the end of 2021, the Canadian Real Estate Association's House Price Index had risen by 26.6%, the fastest annual pace on record. [50] Condominiums accounted for the bulk of new housing in BC (54%) and Ontario (59%), [ 51 ] and investors constituted an increasing share of the buyers of these units (41% in Ontario).
In August 2022, the Real Estate Institute of New Zealand (REINZ) reported the median house price in the Auckland region was $1,100,000, ranging from $900,000 in the former Papakura District area to $1,285,000 in the former North Shore City area, This is compared to a median price of $700,000 outside of Auckland. [124]
This is the lowest rate of home ownership since 1951. This is partly due to the increase in New Zealand house prices which since 1990 have increased faster than any other OECD country. [56] Housing in New Zealand has been classified as 'severely unaffordable' with a score of 6.5 under the median measure housing affordability measure. [57]
Herne Bay / h ɜːr n / is a suburb of Auckland, New Zealand.It is located on the southwestern shore of the Waitematā Harbour to the west of the Auckland Harbour Bridge.It is known for its extensive harbour views, marine villas and Edwardian age homes.
The statistical area of Westmere North is slightly smaller than the suburb, which extends into the statistical area of Westmere South-Western Springs. Westmere North covers 0.65 km 2 (0.25 sq mi) [ 1 ] and had an estimated population of 2,240 as of June 2024, [ 2 ] with a population density of 3,446 people per km 2 .
Suburbs within the Auckland metropolitan area of northern New Zealand, as defined by the Urban/Rural boundary in the Statistical Standard for Geographic Areas 2018 (SSGA18). Note that the divisions between Auckland suburbs are not officially defined, and may therefore overlap somewhat. For lists of suburbs, see List of suburbs of Auckland
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