Advertisement
Holi Festival Australia

As the cost of living in New Zealand continues to rise, more residents are considering moving to Australia.

 As the cost of living in New Zealand continues to rise, more residents are considering moving to Australia.

The increasing cost of living in New Zealand has led to residents’ readiness to accept concessions to maintain their standard of life. Aotearoa’s inflation rate has hit a level that hasn’t been seen in 30 years, driven mainly by increases in the cost of both transportation and housing. After hitting 5.9 percent by the time 2021 comes to a close, the biggest bank in the country, ANZ, forecasts that inflation will continue to climb in the following year, 2022. The annual cost of living for the average American family went increased by 5.2% in only a single year.

Millions of people worldwide are being impacted by the growing cost of living. Food prices are rising due to the COVID epidemic, the crisis in Ukraine, and other issues. A 30-year inflation rise, a deteriorating housing crisis, high food costs, and reduced salaries are driving many New Zealanders to contemplate relocating to Australia across the Tasman.

Hannah Pilcher is a kindergarten teacher in New Zealand’s capital city of Wellington. She loves working with younger students. She believes that even though she often feels unappreciated, the beautiful moments when children learn something new make her joyful and proud. This is even though she often feels neglected.

It has been challenging to make ends meet due to the low wages and the higher prices. In New Zealand, the rate of inflation has risen to its highest level in thirty years, partly because of the surge in the price of gasoline. The cost of real estate in Wellington is consistently ranked among the highest in any city in the world.

Rents have increased by 12 percent over the last year, making the situation even more difficult for tenants. Because of the high expense of living, Hannah Pilcher chooses to share her home with other individuals. For example, Chris Dye and his family, who have just concluded that moving to Brisbane is their best option. Builder Mr. Dye is. Even though they owned their property in Wellington and both had respectable employment there, he and his wife continued to have difficulties.

Indrasish Banerjee

Related post