The latest Auckland Economic Update reveals a shifting landscape: median house price at $949,000 (4% lower YOY), unemployment rising to 5.3%, and GDP declining 0.6%. Despite these challenges, business confidence is at its highest since 2016. Discover what these Auckland Council statistics mean ...
Auckland home prices largely drive this trend, with the median house price being eight times the median household income (http://www.demographia.com/dhi2014.pdf). Given the unaffordability of homes, families with little financial resources are forced to live in less desirable neighborhoods. Prior...