Why Auckland, NZ is Too Expensive to Live In (How to Fix it)
An Economic Competitiveness Agenda for all Aucklanders
Auckland stands out as the only city in our sample to experience falling discretionary income. In all, discretionary income fell $96 per week in real terms between 2008 and 2018 (approximately 5.8 per cent of annual gross household income).
While public focus has centred on housing costs of late, Auckland faces three headwinds simultaneously:
- Income growth for the median household is sluggish compared to other cities.
- Basic expenditure is increasing faster in Auckland than elsewhere.
- Auckland house prices have risen more than all cities in Australasia, with the possible exception of Sydney.
Learn more in the link below
www.maximsherstobitov.nz...
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