Its misleading to quote wages vs rents, households actually pay rents out of household income, which includes wages, but may have a whole lot more. Household income from stats includes:
1. Wages of all members of the household
2. Government payments, eg accommodation supplement, benefits, working for families etc
3. Income from business profits or shares etc
I publish comparisons of just this data, which show for most cities and especially NZ as a whole, the ration of Rents (MBIE) to household income (Stats dept) has been constant for over 20 years:
Wellington & Auckland charts by selected suburbs and selected regions and NZ on my jonette website
Subscribe to get more details like this :-)
1. Wages of all members of the household
2. Government payments, eg accommodation supplement, benefits, working for families etc
3. Income from business profits or shares etc
I publish comparisons of just this data, which show for most cities and especially NZ as a whole, the ration of Rents (MBIE) to household income (Stats dept) has been constant for over 20 years:
Wellington & Auckland charts by selected suburbs and selected regions and NZ on my jonette website
Subscribe to get more details like this :-)
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