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Thought:
Has anyone ever seen a study use a segmented approach to affordability? I mean you’re not going to see the 40-80k p/a income group wanting to buy in the 800-1m suburb, but if you take the broad brush approach and say “the average house price in Auckland is X and the average income in Auckland in Y” you’re always going to get a more negative result.
Wouldn’t it be more appropriate to say “the X income group typically need to live in these areas (based on work/lifestyle needs) where the average house price is Y” Therefore housing affordability for X income group is Z.
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