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Houses in New Zealand are mad expensive. Auckland (for instance) now has an average house price over $1M, about $700k US. It is, I believe, the fourth least aff

Houses in New Zealand are mad expensive. Auckland (for instance) now has an average house price over $1M, about $700k US. It is, I believe, the fourth least affordable housing market in the world after Hong Kong, Sydney and Vancouver.

marssaxman 10y ago
Looks like the Auckland median price is NZ$890K, which is roughly US$623K. Here in Seattle, the median price just hit US$700K... Auckland doesn't sound so bad!
- rjgray 10y ago
  In terms of affordability, you'd need to look at average salaries as well. My impression is that Auckland doesn't fare so well on that front.
  - lazyasciiart 10y ago
    Yes, Auckland rates much worse than Seattle (and most of the world) in that comparison - http://www.demographia.com/dhi.pdf http://www.demographia.com/dhi.pdf (Auckland has a median house:median salary ratio of 10.0, Seattle is 5.5)
- taysic 10y ago
  If its anything like Sydney, Australia then you should look at the quality of the houses too - not just the median house price. I remember looking at houses in Sydney and given the size, quality, and look they would cost half as much here in the Bay area. They can be tiny, tiny even for our standards and cost over 1 mil.
- RantyDave 10y ago
  https://www.qv.co.nz/property-trends/residential-house-values https://www.qv.co.nz/property-trends/residential-house-value...
- lacampbell 10y ago
  What's the salary of a senior dev in seattle? How much do electronics, appliances, cars and food cost? Will that 700k USD house have wall insulation and double glazed windows and central heating? I think there's a reason a huge chunk of skilled New Zealanders end up leaving.
  - sjg007 10y ago
    Someone in NZ should start a spray foam insulating business. It's not insanely expensive and you can finance people.
  - deleted 10y ago
    [deleted]
- lazyasciiart 10y ago
  Cities are defined differently in the US and New Zealand. That median in Seattle is for an area of ~80 square miles, whereas the median price for Auckland covers an area of 400 square miles. If you expanded the definition of Seattle to match, I'm pretty sure the median would go down (although it's interesting to consider whether Bellevue/Mercer/Medina would outweigh Renton/Kent/Tacoma there).
peterashford 10y ago
That's Auckland. Wellington is cheaper and has every bit as vibrant a tech sector as Auckland. Dunedin - where I live - is downright cheap (avg house price around 300k NZD( but admittedly less IT jobs than in the bigger cities. Thing is - NZ is tiny - it's an hour flight to Auckland from Dunedin (northern city centre to southern city centre) so it's not like it's hard to move if push comes to shove.

marssaxman 10y ago

Looks like the Auckland median price is NZ$890K, which is roughly US$623K. Here in Seattle, the median price just hit US$700K... Auckland doesn't sound so bad!

rjgray 10y ago
In terms of affordability, you'd need to look at average salaries as well. My impression is that Auckland doesn't fare so well on that front.
- lazyasciiart 10y ago
  Yes, Auckland rates much worse than Seattle (and most of the world) in that comparison - http://www.demographia.com/dhi.pdf http://www.demographia.com/dhi.pdf (Auckland has a median house:median salary ratio of 10.0, Seattle is 5.5)
taysic 10y ago
If its anything like Sydney, Australia then you should look at the quality of the houses too - not just the median house price. I remember looking at houses in Sydney and given the size, quality, and look they would cost half as much here in the Bay area. They can be tiny, tiny even for our standards and cost over 1 mil.
RantyDave 10y ago
https://www.qv.co.nz/property-trends/residential-house-values https://www.qv.co.nz/property-trends/residential-house-value...
lacampbell 10y ago
What's the salary of a senior dev in seattle? How much do electronics, appliances, cars and food cost? Will that 700k USD house have wall insulation and double glazed windows and central heating? I think there's a reason a huge chunk of skilled New Zealanders end up leaving.
- sjg007 10y ago
  Someone in NZ should start a spray foam insulating business. It's not insanely expensive and you can finance people.
- deleted 10y ago
  [deleted]
lazyasciiart 10y ago
Cities are defined differently in the US and New Zealand. That median in Seattle is for an area of ~80 square miles, whereas the median price for Auckland covers an area of 400 square miles. If you expanded the definition of Seattle to match, I'm pretty sure the median would go down (although it's interesting to consider whether Bellevue/Mercer/Medina would outweigh Renton/Kent/Tacoma there).

peterashford 10y ago

That's Auckland. Wellington is cheaper and has every bit as vibrant a tech sector as Auckland. Dunedin - where I live - is downright cheap (avg house price around 300k NZD( but admittedly less IT jobs than in the bigger cities. Thing is - NZ is tiny - it's an hour flight to Auckland from Dunedin (northern city centre to southern city centre) so it's not like it's hard to move if push comes to shove.