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musicalchairs.bsky.social
•
83 days ago
damn, meant to write '46% of renters' pay rises go to landlords'
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ericafosk.bsky.social
•
83 days ago
Really appreciate the thread and analysis. When you say rent, do you mean what an individual pays or what a household pays? I’m trying to work out if it’s 46% of what each person earns or 46% of total household income
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musicalchairs.bsky.social
•
83 days ago
Sorry, was misleading and clarification made it worse! The ratio in graph is median weekly rent (rental property) vs individual median earnings. This tracks at around 46% (showing rents move with earnings). Average rent as a % of *household* income is 20%-21%.
https://rep.infometrics.co.nz/new-zealand/income-and-housing/rent-affordability?compare=new-zealand
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