Housing costs dwarf ‘luxuries’

May 8, 2007

News — Tags: , — admin

Savings on food, clothing and home supplies have enabled New Zealanders to cover a huge increase in housing costs over the past 50 years.

A Weekend Herald analysis of long-term spending patterns confirms property investor Andrew King’s controversial statement last week that would-be home-buyers are spending more on “coffee and brand new cars and overseas trips”. Spending on cafes, private transport and overseas travel have all increased. (more…)


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