Wellington living costs equal to London
Wed, 15 Feb 2012 6:31p.m.
By Emma Jolliff
A new survey by the Economist International magazine shows that living costs in Wellington are now on par with London – and Auckland’s even more expensive.
Wellington has moved up 16 places on the list of the world’s most expensive cities, and now shares 17th place with London.
For Bernadette Pallister's family, who are visiting from England, the price of food and groceries has come as a shock.
Ms Pallister says in the UK she would spend “around 900 pounds a month” on her family of five – around NZD$1,800. She now spends that amount in a fortnight.
Prices have also risen noticeably since she last visited three years ago, Ms Pallister says.
The worldwide survey, which measures the cost of a British expatriate lifestyle across 130 cities, had Auckland in 15th place.
BNZ chief economist Tony Alexander says the reason New Zealand is climbing up the list is fluctuations in the value of our currency.
“The Kiwi dollar has risen about 8 cents between the surveys, against the American currency - that's why we've become more expensive,” he says.
Near record prices for exports have also pushed our dollar higher.
Mr Alexander says the strong dollar is also discouraging many of the 60,000 New Zealanders in London from coming home.
The most expensive city to live in is Zurich, followed by Tokyo, Geneva and Osaka; the cheapest is Karachi, in Pakistan.
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17/02/2012 6:05:37 a.m.
I noticed a difference in the price of things when i went home after a year but by christ my family of 6 doesnt even spend that much on shopping in a month!
16/02/2012 12:26:01 p.m.
Are you serious TV3? Show us the shopping list! She must be eating export lamb sprinkled with caviar and gold leaf! Is she buying it from the local dairy?
16/02/2012 11:42:10 a.m.
Maybe she has done her conversion wrong. Also comparing stuff here to there doesn't quite work. If Wellington is equal to London, then pay attention WINZ and some of the government who have made comments, see some people beneficaries and people in work, are having it hard, its not just them mismanaging money. And yes I know some people do manage.
16/02/2012 11:20:14 a.m.
Lynda P wrote:
I think you are missing the point somewhat... that she is buying COMPARABLE products in Wgtn to what she would buy in London and it works out more expensive. And that is true. I've lived in both places on and off for the last 10 years and NZ has progressively got more expensive when compared to Britain. Its crazy that I can often buy a pound of NZ Anchor butter or a bottle of NZ wine cheaper in the UK than in the country they are produced.
15/02/2012 11:56:08 p.m.
Gavin Jolly wrote:
$1800 a fortnight for a family of 5, where are they shopping. This seems to be aweful reporting.
I could buy all food for a family of 5 from Moore Wilsons with top quality meat and would not come close to $1,800 a fortnight.
15/02/2012 11:32:58 p.m.
What on Earth are they buying? Don't just tell us that she's spending $1800NZ without giving us the evidence that made you come to that conclusion.
15/02/2012 11:22:41 p.m.
Where is this woman shopping in Wellington that requires her to spend $46000 a year on groceries? I take home less than that after taxes and Kiwisaver, live quite comfortably, and still manage to save a decent amount every month. I fail to see how you can make the argument that the cost of living in Wellington exceeds that of London because one woman can't figure out how to shop sensibly.
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