The state of property present and future is outlined in a study which looks at the shape of Auckland over the next 50 years.
Monday, March 24th 2003, 10:53PM
by The Landlord
Auckland has about 400,000 homes and is growing by 21 houses a day. At this rate, we will need about 720,000 houses by 2050.
"Without some sort of strategy, twice as many houses in Auckland could mean a city stretching from Warkworth to Pukekohe," Lindsey writes.
"If this is not the kind of Auckland we want, perhaps there is another option. Maybe some people would not mind - even prefer - to live in houses with smaller sections. It would perhaps suit others to live in apartments with no section. A third group of people will probably still prefer a larger house in the suburbs."
* Just over one in every three homes in Auckland is rented;
* Auckland houses are worth nine times the average personal income before tax. Ten years ago, they were worth seven times the average personal income;
