New Zealand’s Government says it is making accommodation more affordable.
New Zealand’s Minister for Disability and Human Services, Paula Bennett, has released a new report on the country’s affordability.
“Our Government is committed to ensuring people can get the most affordable accommodation available in the country,” Ms Bennett said.
The report shows the average New Zealander is now paying $2,739 more than they did in 2011-12.
For some, the cost of accommodation is even more significant.
Aboriginal people who were born in New Zealand were also the hardest hit.
Almost a quarter of them said they were now paying more than $2.6 million more than their $3,958 in 2011.
In addition, more than half of those in the highest income bracket were paying more.
These numbers are worse than the rest of the world and it is even worse in the wealthiest 10 per cent of households.
Some of the highest earners were also more likely to have their payments cut.
People in the middle were also being hit hardest.
More than 40 per cent had their monthly rent cut by 20 per cent.
And for the lowest income earners, the cut was even more drastic.
Only one in six people in the lowest 20 per a percentage said they could afford the rent.
When it comes to the housing market, New Zealanders are still struggling to make ends meet.
There were 2,857 fewer people in New Zildjian in the third quarter of last year, down from 3,636 in the first quarter.
Most of the people in these households were renters, with the number of people renting in the rental market also down from 1,936 in 2011 to 1,688 last year.
That meant the median rent for a two bedroom apartment in the city of Auckland rose from $1,621 in 2011/12 to $1.4 million in the latest quarter.