Global study claims Wellington and Auckland are becoming more affordableJohn Nicholson/Fairfax NZ The Mercer Cost of Living Index shows Wellington dramatically dropped in the 2016 Cost of Living rankings. Forget the surging house prices, a new global study claims Wellington and Auckland became significantly more affordable in the past 12 months. The Mercer cost of living index shows New Zealand cities dramatically dropped in the 2016 Cost of Living rankings. He believed this was a reason more people were "flocking to Wellington to live, study and work". "Being a more cost-effective option than some other cities in the region means New Zealand cities could become an incubator for talent for multi-national companies," Mercer's Lorraine Jennings said.

Source: Stuff June 22, 2016 03:48 UTC