Polling on house prices seems to be in fashion. Following the release of UMR poll details on housing – see Poll on house prices (no party poll release this time) – The Spinoff has also asked some housing questions via SSI.
The median house price in Auckland has jumped by 85% over the last four years, with the average home now costing roughly 10 times the average household income. The corresponding figure before 1990 was around four times median income.
“Have you in the last two years considered moving away from Auckland because of house prices?”
- Yes 32.2%
- No, but it’s a good idea 36.3%
- No 31.5%
Some of those will be thinking of looking for somewhere with more affordable housing so they can buy their first home, while others who already have homes will be wanting to take advantage of their surge in value with a view to buying a cheaper and perhaps better house elsewhere.
Obviously employment will be a major factor – many won’t be able to move away from their jobs.
“Do you think we have a housing crisis in Auckland?”
- Yes 84%
- No 10.3%
- Don’t know 5.7%
I find the obsession with media and opposition parties to dramatically label things is a bit pointless.
A crisis “is any event that is, or is expected to lead to, an unstable and dangerous situation affecting an individual, group, community, or whole society”.
If the media and opposition had chosen to promote a different label then it would probably have rated highly when they polled on it.
“Why do you think we have a housing crisis?”
- Foreign investors 55.7%
- Government inaction 39.6%
- Developers + speculators 38.5%
- Incompetent Auckland council 28.8%
- Selfish NIMBY baby boomers 9.1%
- Over cautious Reserve Bank 7.8%
- Ungrateful spendthrift Millenials 3.9%
- Too much immigration 3.3%
Multiple responses were allowed. There is no ‘Other’.
This probably reflects more on media coverage over the past few months than anything. Is there any way of telling how close to reality it is?
It’s interesting that immigration barely rates.
Survey Sampling International (SSI) conducted an online survey among a representative sample of 760 Auckland residents aged 18 and over with quota applied to gender, age and region within Auckland. All respondents were screened to ensure they were New Zealand residents and eligible to vote. The polling period was 17-19 August and the margin of error is +/- 3.6%.
More polling and commentary at The Spinoff – One in three Aucklanders has recently considered quitting Auckland because of house prices – poll