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  1. #1

    Default Wellington - Worlds most livable city

    Rankings are based on amongst other things property to income ratio - isn't price to income something we're supposed to be in crisis over... not according to the rest of the world so it seems.

    From the article -
    The rankings look at purchasing power, safety, health care, cost of living, property price to income ratios, traffic commutes, pollution and climate.

    "If quality of life is your only concern, then Wellington continues to be the best place of our 50 cities to live in," the Deutsche Bank report said.

    Wellington was ranked as the least polluted of the cities and was ranked fourth-best for property to income ratio and commuting, and fifth for its climate - earning the top spot overall.

    "Wellington is in good company with the cities on that list, but to top it is a seriously sweet feeling. We are very strong environmentally, and it will come as no surprise to any Wellingtonian that we have a favourable climate," Wellington Mayor Justin Lester said.
    "On an international scale, we are safe, the city is affordable and we've got good transport connections. Most importantly, we've got a city full of wonderful people which makes everyday living here a pleasure," Lester said.
    Wellington Regional Economic Development Agency chief executive Lance Walker said Wellington being named the most liveable city in the world vindicated what Wellingtonians already knew.
    "Wellington's a city that is easy to live in. It's compact, connected, and innovative with a lifestyle that's making the world sit up and take notice. But the best thing about Wellington is Wellingtonians, who can be rightfully proud of their city."

    https://www.stuff.co.nz/dominion-pos...d-year-running

  2. #2
    Join Date
    Aug 2003
    Posts
    7,410

    Default

    It's also a city not drowning in tourists. It seems the most popular cities etc are getting way more travellers and tourists than locals care to tolerate. Yet that's not the challenge for Wellington in fact there's so few visiting Wellington the council wants to attract some of the millions who visit NZ every year.

    I think one of the reasons Wellington misses out on the tourist dollar is it's unpredictable weather and 'sameness' to other more climatic areas of NZ. Even the residents would admit it's either a place you love or loathe.

    cheers,

    Donna
    Last edited by donna; 03-06-2018 at 01:32 PM.
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  3. #3
    Join Date
    Mar 2015
    Location
    Brisbane Wellington Auckland
    Posts
    655

    Default

    And the highest net yields of any major city or capital in Australasia !

  4. #4
    Join Date
    Oct 2015
    Location
    Auckland
    Posts
    331

    Default

    IMHO after living in Welly, Auckland, Hamilton, Rotorua, bit of CHC I find Welly to be rather unpleasant in so many ways - weather, amenities, entertainment... But certainly it was good to buy a rental 2 years ago

  5. #5
    Join Date
    Dec 2015
    Posts
    296

    Default

    Quote Originally Posted by Don't believe the Hype View Post
    Rankings are based on amongst other things property to income ratio - isn't price to income something we're supposed to be in crisis over... not according to the rest of the world so it seems.

    From the article -
    The rankings look at purchasing power, safety, health care, cost of living, property price to income ratios, traffic commutes, pollution and climate.

    "If quality of life is your only concern, then Wellington continues to be the best place of our 50 cities to live in," the Deutsche Bank report said.

    Wellington was ranked as the least polluted of the cities and was ranked fourth-best for property to income ratio and commuting, and fifth for its climate - earning the top spot overall.

    "Wellington is in good company with the cities on that list, but to top it is a seriously sweet feeling. We are very strong environmentally, and it will come as no surprise to any Wellingtonian that we have a favourable climate," Wellington Mayor Justin Lester said.
    "On an international scale, we are safe, the city is affordable and we've got good transport connections. Most importantly, we've got a city full of wonderful people which makes everyday living here a pleasure," Lester said.
    Wellington Regional Economic Development Agency chief executive Lance Walker said Wellington being named the most liveable city in the world vindicated what Wellingtonians already knew.
    "Wellington's a city that is easy to live in. It's compact, connected, and innovative with a lifestyle that's making the world sit up and take notice. But the best thing about Wellington is Wellingtonians, who can be rightfully proud of their city."

    https://www.stuff.co.nz/dominion-pos...d-year-running

    It is no surprise to see wellington city topping the list with its low price to income ratio. Remember Wellington city does not include the seperate cities of Hutt Valley, Upper Hutt, Porirua, Kapiti.

    Central Wellington has the highest income per capita in New Zealand, and even after the recent few years of high growth, property prices are still far below that of Auckland for comparable properties in a similar distance to the CBD.

    and that’s ignorijg the fact that you can work in Wellington CBD and get paid handsomely, and have a relatively short commute to a neighbouring “City” in the Hutt where housing is a lot cheaper than central wellington. A couple can easily earn $150k+ combined and buy a 3 bed house in a decent hutt or Porirua suburb for $450k-$600k (price dependant on your definition of decent) - giving a price to Income ratio of ~4x

    i don’t think anywhere else in NZ has that sort of highly favourable high income/comparatively low property price in nearby location.
    Last edited by Kbkiwi; 02-06-2018 at 02:03 PM.


 

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