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    June 12, 2019 2:40 PM HKT

    WELLINGTON, Jan. 27 (Xinhua) -- The housing crisis in New Zealand's biggest city is spilling into the rest of the country and making homes increasingly unaffordable for ordinary people, according to a study out Friday.

    A quarterly study from Massey University showed continued declines in home affordability across the country in the last quarter of 2016 as prices rose in Auckland, home to a third of the population.

    The report showed affordability declined by 2.8 percent nationally, with some big declines in the North Island regions of Taranaki, Northland and Manawatu-Wanganui, and in the South Island regions of Southland and Nelson-Marlborough.

    "This has largely been driven by rising house prices across many parts of New Zealand. While it's impossible to quantify the extent, the continued spillover of Auckland house price levels into other regions may be a factor," author Associate Professor Graham Squires said in a statement.

    Auckland and the South Island's Central Otago Lakes - a major holiday resort region - remained the least affordable regions - at 56 percent and 45 percent less affordable than the rest of New Zealand respectively.

    Auckland's median house price reached a new high in November of 851,944 NZ dollars (617,745 U.S. dollars), a year-on-year rise of 11.4 percent.

    "But there are nine regions that show greater annual increases than Auckland," said Squires.

    "For example, median house prices in Central Otago Lakes have increased by 31.9 percent over the past 12 months, while Nelson-Marlborough has increased by 24.3 percent and house prices in Taranaki have increased by nearly 20 percent."

    The ratio of median house prices to median wages in New Zealand remained very high, continuing to put strain on first home buyers, especially in the country's two most expensive regions.

    "When you look at the national figures, New Zealand's house price to annual wages ratio shows a slight deterioration to 8.7, but the figures for Auckland and Central Otago Lakes are 13.6 and 12.6 respectively," said Squires.

    Steady reductions in the Reserve Bank of New Zealand's (RBNZ) official cash rate - currently at a record low 1.75 percent - over 2016 equated to an 11-percent reduction in mortgage interest costs, easing the burden for home owners.

    "But more stringent deposit requirements and tougher rules for bank lending could start to reverse this trend, especially for first-home buyers," said Squires.

    The RBNZ has repeatedly warned that rising home prices are posing a risk to the country's financial security.

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    VANCOUVER cheap nike air max 90 australia , May 29 (Xinhua) -- Vancouverites are feeling defensive this week after being labeled by The Economist magazine as a mind-numbingly boring city that has become too safe and predictable.

    A travel columnist under the name Gulliver argued on the magazine that as cities become nicer and more stable, the less fun they become. Vancouver routinely tops international livability indexes and therefore is a "boring city."

    But Bob Kronbauer, who has been running the Vancouver Is Awesome blog for seven years cheap nike air max 90 free shipping , told Xinhua Friday that Gulliver can leave Vancouver to the rest of us.

    Kronbauer's team has published thousands of stories singing the praises of this coastal city in west Canada.

    "Fifteen thousand stories, we've ran about different awesome things happening." he said.

    "Right now in the city, the craft beer movement is pretty exciting. A lot of really cool restaurants are popping up as always. And the outdoors - how easy it is for you to get somewhere like Grouse Mountain cheap nike air max 90 wholesale , or somewhere like that, but also just how green the city itself is."

    Vancouver may be clean, orderly -- and certainly expensive -- but its Pacific Coast setting nestled under the Coast Mountains makes it a beautiful location with many outdoor attractions.

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