<body><script type="text/javascript"> function setAttributeOnload(object, attribute, val) { if(window.addEventListener) { window.addEventListener('load', function(){ object[attribute] = val; }, false); } else { window.attachEvent('onload', function(){ object[attribute] = val; }); } } </script> <div id="navbar-iframe-container"></div> <script type="text/javascript" src="https://apis.google.com/js/plusone.js"></script> <script type="text/javascript"> gapi.load("gapi.iframes:gapi.iframes.style.bubble", function() { if (gapi.iframes && gapi.iframes.getContext) { gapi.iframes.getContext().openChild({ url: 'https://www.blogger.com/navbar.g?targetBlogID\x3d35019691\x26blogName\x3dCinnamon+patrol\x26publishMode\x3dPUBLISH_MODE_BLOGSPOT\x26navbarType\x3dBLUE\x26layoutType\x3dCLASSIC\x26searchRoot\x3dhttp://cinnamonpatrol.blogspot.com/search\x26blogLocale\x3den_US\x26v\x3d2\x26homepageUrl\x3dhttp://cinnamonpatrol.blogspot.com/\x26vt\x3d490890470564823813', where: document.getElementById("navbar-iframe-container"), id: "navbar-iframe" }); } }); </script>

Cinnamon patrol

Mr and Mrs Lili Wedding

 

New housing affordability study

I saw this article in the NZ Herald which references a new housing affordability study. The study covers NZ, Australia, Canada, Ireland, the UK and the US. It compares the median income with the median house price. Apparently a multiple of 3 (3 years median income = the median house price) is considered affordable.

Cities of interest, in order of least affordability, are:

#1 Orange County, California (multiple = 11.7)
#4 San Francisco, California (10.1)
#7 Sydney, Australia (8.5)
#9 London (GLA), UK (8.3)
#11 Perth, Australia (8.0)
#13 Vancouver, Canada (7.7)
#18 New York region (7.2)
#21= Auckland, New Zealand (6.9)
#21= London Exurbs (S & SE of England) (6.9)
#23= Melbourne, Australia (6.6)
#30 Brisbane, Australia (6.1)
#31= Christchurch, New Zealand (6.0)
#31= Belfast, Northern Ireland (6.0)
#37= Dublin, Ireland (5.7)
#47= Wellington, New Zealand (5.4)
#70 Chicago, Illinois (4.5)

 

for this post

Leave a Reply