Earlier quoted context omitted.
I don't think London throws them out of whack all that much. I'm around Milton Keynes/Bedford so SE but a bit further than most folk would want to commute to London (and I'd imagine a reasonable percentage of the population live within a similar radius of London) and that average house price feels about right. You'd might manage to get a three-bed terrace or two-bed semi for that sort of amount I'd say.
I dunno - I always assumed that London-proper prices (i.e., not Milton Keynes) being so outrageously high, upwards of £1,000,000, would throw out the average. Though perhaps the number of slightly cheaper apartments brings it back down again (although of course statistics can't tell you that's because the apartments are the size of a shoebox). Plus as I understand it, a bit further north you could probably start gett…
Re: Average home prices in New Zealand reaches 8.8 times average household income
#171Do agree that it's hard to talk about averages - you almost need e.g. a heat map of the price for a certain size of 3-bed semi or 2-bed flat or such like. It's tricky too because house prices in areas of the country where there are few jobs are irrelevant for anybody needing a job who can't get one in that area. Although I imagine remote working has flattened things somewhat.