The annual Demographia report on housing affordability across a range of English-speaking advanced countries was released earlier this week.
If you are a New Zealander who cares at all about efficiency, fairness (especially to the rising generation), functioning markets it makes pretty bleak reading. The focus of the analysis is on the ratio of median house prices to median household income. Here is ratio for the median urban market in each of the countries they look at
(They also look at the two city states Singapore (which is in the middle of the pack) and Hong Kong (which is off the charts, see below).
And here is a chart focused just on fairly large cities (>1 million people). I’ve shown the ten cities with the lowest price to income ratios, the ten with the highest ratios, and a selection (every ten or so rank places) of those in-between.
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Utopia, you are standing in it! 
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