Tauranga, Auckland among world's most pricey places
By Steve Boughey View as one page
11:00 AM Wednesday Jan 27, 2010

Tauranga is in the top 20 of the world's overly-expensive places to live, and Auckland is not far behind, in an international survey of housing affordability, released today.

The survey ranked Vancouver, Canada, as the most unaffordable place to live, followed by a swag of Australian places Sydney, Darwin, and the Gold and Sunshine Coasts.

The survey was conducted by Australian firm Demographia, and involved respondents in six western countries: USA, Canada, the United Kingdom, Ireland, Australia and New Zealand.

It did not include Hong Kong, however, where housing is notoriously expensive.

Here's where the New Zealand cities placed in the top 60 on the "severely unaffordable" scale:

20th Tauranga
22nd Auckland
31st Christchurch
41st Wellington
47th Dunedin

Palmerston North, Napier/Hastings and Hamilton were also described as "seriously unaffordable", while not making the 60 listed on the table.

Tauranga is one of the retirement capitals of New Zealand. It's one of the country's fastest growing cities, with a 14 per cent increase in population between the 2001 census and the 2006 census. The current population is estimated to be around 118,000 (2009).

More here.