NZ’s housing market is broken: Spinoff’s map to prove it

Inspired by a map of the US housing market, analyst Emma Vitz created a graph showing how much people needed to earn to afford a property in their region. “The answer, unsurprisingly, is often a lot more than the average New Zealand household earns. In Auckland, an income of just over $170,000 is required, which is about $66,000 more than the median household income… In order to buy a property in New Zealand, you need at least two of the following three things: A dual income household, a high income job, and rich parents. In some parts of the country, it seems you might need all three.”