We love to beat the Kiwis at pretty much anything. Did I hear someone mention the cricket? But Auckland has taken out first place in a contest most Aussie buyers would be happy to lose.
On the back of a property boom, and unprecedented sales activity in March, the Auckland median house price is now even higher than Sydney. Or so says a recent article published in Business Insider. We think a close look at the numbers might suggest Sydney takes the cake, depending on what you’re measuring.
New Zealand does, however, take a clear lead on Australian when it comes to housing unaffordability, rated as having the world’s second highest house price to income ratio.
Again, not a competition Aussie buyers want to win. We ranked a distant fourth, reported Business Insider.
All this talk of sky-rocketing prices in our nations’ most populous cities makes us glad we live in Brisbane.
