Definition: Affordable housing refers to housing units that are affordable by that section of society whose income is below the median household income ($55k to 75k in New Zealand).
In January 2019 it was reported that New Zealand house prices are among the most unaffordable in the world, although Christchurch Household income to house price multiplier is 5.4, Auckland is 9 times.
The design, construction and maintenance of basic physical and organizational structures and facilities (e.g. buildings, roads, power supplies, water supply) needed for the operation of a society.
All too often we hear of cost and time overruns, excuses for these delays with consequential debt increases.
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