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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. ...
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).
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 .
Canada: 11.9 3 Sydney Australia: 11.0 4 Melbourne Australia: 9.5 5 Los Angeles United States: 9.0 6 Toronto Canada: 8.6 6 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
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. Herne Bay has been a prosperous area since the 1850s due to its outlook over the Waitemata ...
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]