New Zealand’s capital, Wellington, has been ranked one of the least affordable cities in the world for buying a property. The picture is also grim for renters, with a 12% rise in prices in the past year. That, along with increases in petrol and food prices, has led many to consider moving to nearby Australia – where they have the right to live and work.
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Roger Barker, director of policy at the Institute of Directors, said: “The Treasury must now bolster support for the...
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