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Australia, Canada and New Zealand all have more expensive housing than the UK in price to income ratio [1]. NZ has been above the UK's current ratio since at le
by spacebanana7 3y ago
Australia, Canada and New Zealand all have more expensive housing than the UK in price to income ratio [1]. NZ has been above the UK's current ratio since at least 2017 [2]. So unfortunately this might continue getting worse for a while.
[1] https://www.numbeo.com/property-investment/rankings_by_country.jsp https://www.numbeo.com/property-investment/rankings_by_count...
[2] https://www.numbeo.com/property-investment/rankings_by_country.jsp?title=2017 https://www.numbeo.com/property-investment/rankings_by_count...
- Nursie 3y agoAustralia is below the UK on both of those tables! Which doesn’t surprise me, I recently moved from the UK to Aus and AFAICT you get more for your money here. There is still the same problem of young people being able to access the market, but it’s not quite as bad and what you get for your money here tends to have much more space.
- spacebanana7 3y agoMy bad - I used the Irish figure for the UK! Australia should be omitted from the first claim and NZ claim should be amended to 2019. > Which doesn’t surprise me, I recently moved from the UK to Aus and AFAICT you get more for your money here. Houses in the UK are generally smaller than other countries but house prices are generally expressed as per unit rather than per sqft. This distorts statistics because by making countries with small houses seem cheaper than they are.
- ZephyrBlu 3y agoI recently moved from NZ to London and I have been very surprised how poor the quality of housing is relative to the cost compared to NZ.