Housing affordability has reached what experts are calling 'crisis point'. The annual Demographia Housing Affordability Survey shows it takes New Zealand 5.2 times the average household income to buy a house. In terms of the major metropolitan areas, Auckland came in as the 9th most unaffordable in the world at 8.2 times household income - worse than Los Angeles and New York (Photos: Getty Images). Source
10 Least Affordable Major Metropolitan Markets
Loading...
-
1/10
1/10 Hong Kong, China - 17.0 times the average household income (Photo: Getty Images) -
2/10
2/10 Vancouver, Canada - 10.6 times the average household income (Photo: Getty Images) -
3/10
3/10 Sydney, Australia (Photo / Getty Images)
-
4/10
4/10 San Francisco, United States - 9.2 times the average household income (Photo: Getty Images)
-
5/10
5/10 San Jose, United States - 9.2 times the average household income (Photo: Getty Images)
-
6/10
6/10 Melbourne, Australia - 8.7 times the average household income (Photo: Getty Images)
-
7/10
7/10 (Photo / Getty Images)
-
8/10
8/10 San Diego, United States - 8.3 times the average household income (Photo: Getty Images)
-
9/10
9/10 Auckland, New Zealand. Photo / Getty Images
-
10/10
10/10 Los Angeles, United States - 8.0 times the average household income (Photo: Getty Images)
-
More Galleries
-
PHOTOS: Coasting it in Kaikoura with Mike Yardley
-
Photos: Anzac Day dawn services across the country
-
PHOTOS: New Zealand united in grief after deadly Christchurch terror attack
-
Leighton's Last Hour
-
PHOTOS: Legendary talkback host Leighton Smith through the years
-
Best photos from Prince Harry and Meghan Markle's NZ tour
-
