From the NZ Herald
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. Read the rest of this entry »
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