Expense levels escalate for Expats based in New Zealand
London, UK (Pryce Warner International) July 6th, 2012 – The cost of living in New Zealand has risen to unprecedented levels, but despite these new heights, Expats still see the South-western Pacific Island as an appealing and economically viable prospect for a new life.
The everyday international expenses of any given country, for anything from food to fun and all things in-between have been priced up in an expense poll that saw both Wellington and Auckland climb a staggering 62 places. Whilst remaining far from the top of the list, those price increases are certainly a cause for concern.
Survey organisor Sarah Barnaby commented on the new findings: "In relation to other countries New Zealand is still pretty competitive; there are other cities that are far more expensive ... If we think about large multi-nations I don't think New Zealand would be the first choice since our proximity means we will never be the closest, but we are still an attractive option ... New Zealand still continues to offer improved lifestyle and career opportunities despite the rise in costs."
As well as its dollar performing particularly well at the moment (up 0.6%), food and accommodation costs have also contributed to New Zealand’s expensive, high new levels of living that exceed the likes of Karachi, but have a fair way to go before reaching the highest levels of living costs currently set by Tokyo.
Wherever you’re based, Expats can seek expert advice on the numerous methods of offsetting your everyday living expenses. Those contemplating a forthcoming move overseas can also benefit from the years of experience on offer from a proven and reputable financial advisor.
By Anthony Standring
Pryce Warner International Group
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