The New Zealand Property Council has waded into the debate about the unaffordability of housing in Auckland, saying apartments are pre-selling in the city for more than $NZ800,000 ($A752,000) each.

Council chief executive Connal Townsend says such apartments are out of financial reach for many Kiwis. The council highlighted the issue of the unaffordability of housing in New Zealand’s largest city as it emerged singer Lorde paid $NZ2.84 million for her first home last year, a 182sq m villa on…