Housing Shortage and Prices in Auckland

The unabated and escalating housing costs in Auckland is a big problem. Cases of mental health challenges, prompting of relationship matters, and significant contribution to the state’s ailments. Since the first lockdown in Auckland, the price of houses has increased by an average of $113,000 more. The average home currently costs $1.48 million, which is 28 percent more than 12 months ago. The house, which is considered to be at the lower quartile, has increased from where it used to three times the price it used to be in the last 12 months. This has made the challenge of house shortage in the region a crisis in the state compared to the other areas of New Zeeland. Those young people who are not stable have the challenge of sustaining their lives in such situations. Some of them take almost one year to get a deposit for the house. Financial pressure in the region has increased.

 

Homes

People of Auckland have to think differently about how the housing system will provide the required security, health, and affordable prices of the houses for its residents. The system used for housing in Auckland seems not to be working for these people. In Auckland, whether you are buying or renting, the house prices are higher than in other regions. Auckland has not kept the pace of its growing population or looked to increase its investments in demand for houses. In a few decades, the Zeeland Aucklanders have high expectations of housing challenges. The result from different researchers shows that the increase in several people in the region cannot sustain money to help them buy a home.

 

Changing the system of housing

As it stands, Auckland needs to change its system of housing. Different stakeholders, including local and central government, the developers, investors, developers, renters, and other non-governmental organizations, need to come together and look for ways to change the condition as early as now. Many markets have failed to supply types of housing that can meet Aucklander’s requirements. Understanding factors that impact the number of houses to be built, the speed of building, types of homes made, and their cost is essential in solving such problems.

 

Demographic change and housing needs

With an increasing population in this region, there is a need to drive the demand for different housing solutions. Developing affordable housing in this state is not easy for aging people since the available houses do not meet their needs. The house’s overall quality is poor; this has contributed to a great worry on health and safety implications of the older adults in the region.

 

Ways to measure the progress of Auckland house shortage

This includes New houses developed in different locations of various types, new net houses agreed and completed, the level of housing cost reduced to a percentage of individual income, the number of people without homes reduced to almost zero, and the residents in the region feel satisfied with their safety and health condition the state. After achieving all these issues, Auckland will be considered house shortage-free, and the price of the houses reduced to a reasonable amount. Different ways of implementing the plan can be applied to assist the people of Auckland.