Who wants to live in Wellington? Weather terrible, people quite strange and earthquake risk. Then there's the weather.....
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Wellington Property Boom ?
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Originally posted by genius View PostWellington is wet, cold, windy and full of earthquakes!!!
Wellington even according to our PM is "dying" - how do you expect a boom there? Just not enough jobs/migration happening there!
A tendency to search for or interpret information in a way that confirms one's preconceptions, leading to statistical errors.
A tendency to actively seek out and assign more weight to evidence that confirms their hypothesis, and ignore or underweigh evidence that could disconfirm their hypothesis.
It can be thought of as a form of selection bias in collecting evidence.
Some facts from MBIE and Statistics NZ:
Wellington has a higher employment rate and higher GDP per capita than Auckland
Auckland’s economic growth appears to have slowed since 2007. Auckland’s GDP has not grown as fast as some other regions which have benefited from high commodity prices
45 percent of Auckland’s workforce was born overseas. Domestic movements in and out of Auckland are fairly even
Auckland’s global appeal as a place to do business is relatively weak, largely because of New Zealand’s overall small market size and geographic location.
Compared with other regions in NZ, from an economic perspective Auckland’s economy is not making the full use of its resources.
Auckland does not compare so well on infrastructure and innovation measures,
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Originally posted by Eugene View PostWellington has a higher employment rate and higher GDP per capita than Auckland
- Wellington has a lot more politicians, bureaucrats, public servants that earn over $100k per year than Auckland
- Auckland has a lot more taxi drivers, cleaners, coffee makers, petrol station attendants, McDonalds workers, dairy owners, takeaway owners etc who are lowly paid, and get paid less than your average central government bureaucrats/public servant
- Auckland has far more immigrants who are asset and cash rich but not working
- Auckland has far more immigrants who are either studying or just got their job and applying for Permanent Residency
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Thank you for your replies. My feeling is it largely comes down to Wellington not perceived as a place to visit longer than a couple of days. Limited international flights contribute to this. A lot more head offices and infrastructure are based in Auckland. If you are a CEO needing to travel out of the country regularly Auckland is the obvious choice. The same goes for visiting business men, students, family. And of course climate makes Auckland more desirable.
Wellington is only just getting Top Shop and a Hilton - that says a lot to me.
I don't buy in to the fault line earthquake argument - this didn't stop the property boom prior to 2007.
I do believe Welly will pick up and the 30% deposit in Auckland and more affordable property in Welly will only help.
thanks Fever.
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Unfortunately demand isn't outstripping supply in Wellington, not enough job growth or migrants moving in. It's bound to catch up sooner or later!
ps for those who don't know Kapiti is just up the road and its warmer and less wind! (just the odd shake)Craig PopeCraig Pope Mortgages & Insurance
www.craigpope.co.nz
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Originally posted by soundslegit View PostTruth hurts sometimes.
How about describing a city as; a mish mash built on a dull isthmus predominated by mud-flats, totally lacking in drama, with a history of rates set too low and underinvestment in infrastructure resulting in the need for handouts to fix; possessing no centre; a series of suburbs, unplanned, spread out, more than the optimum number of insignificant business hubs resulting in an unsolvable transport conundrum; a wasted opportunity.
Helpful? Nice? Smart?
I think not. Butt off Noddy
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Constructive comment:
+ Wellington has a walkable centre like European cities (AKL doesn't have it!)
- Wellington weather is too windy (compared to Auckland, which is already too windy to many immigrants)
Outcome: Wellington is a nice city to visit on long weekends, especially with kids (my son loves Te Papa!)
But not so nice to live in
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Originally posted by flyernzl View PostPaid is a matter of record.
Earn is a matter of opinion.
How many public servants earn what they are paid?
I have lived in both cities, both the Auckland CBD and Wellington CBD.
The numbers in Wellington are skewed, with a smaller middle class than Auckland. IMO this is one of the main reasons that investor ownership is also higher in Wellington than virtually any other province in NZ. We have two PIA's here, which is so confusing that I have (for now) opted to join neither.
Welling is cold, it is windy, there are many people that aren't very polite here and can be a little strange.. but if you ignore the people, catch busses/taxis/trains/drive it can be as easy to live in (or more so) than Auckland. The only thing I miss are the extra curricular activities which go beyond drinking copious amounts of coffee, eating a burger a day or getting drunk beyond recognition Wednesday, Thursday and Friday every week.
If you invest in smart buildings, the earth quakes are not an issue. Growth is a concern and the local government should be doing more to help and encourage young "stars" to stay, develop their businesses here and employ local staff. But the city is very baby boomer gen focused and there is not so much support/entertainment/focus on those under 50 as there is in Auckland.
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