Karekare in Auckland is the most affordable suburb for single renters , with rent consuming just 19.36 per cent of the median income ($ 260 of $ 1,343 weekly income ). This is followed by Wellington ’ s Seaview at 26.24 per cent and Auckland ’ s Helensville at 28.29 per cent .
A commonality these suburbs share is that they are either peripheral suburbs or areas which have recently developed higher residential capacity .
Westmere in Auckland is the least affordable suburb at the other end of the spectrum , where rent takes up 79.12 per cent of the individual ’ s median income . This is followed by Auckland ’ s Morningside ( 71.71 per cent ) and Tauranga ’ s Bethlehem ( 67.71 per cent ). The least affordable suburbs are often in desirable residential areas where rental prices have significantly outpaced local income levels .
Source : Ray White Economics
Source : Ray White Economics
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