Wellington Cost of living. Negotiating my offer.

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Wellington Cost of living. Negotiating my offer.


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Old 5th July 2019, 08:36 AM
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Default Wellington Cost of living. Negotiating my offer.

Hi folks,

Good day.

We are a family of 3 ( kid is 3 years old) and are planning to move to Wellington next month. My job offer would be NZD 95k + super per annum. Am still negotiating.

Need your advice if the pay would suffice for a family of 3 with the below listed living conditions.

- Planning to take a 2 bhk in suburb
- and will be using public transport to commute to work.
- the usual on utilities, groceries, internet, mobile
- Play group for kid
- Dine out once or twice a week.

Any advice would definitely help me.

Thanks in advance.

Cheers.

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Old 6th July 2019, 04:00 AM
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I started on a salary of $95k in Wellington and were a family of three with our child being 13 months old at the time so it can be done, however we did come over with a pot of money to cover those essential high cost purchases in the first couple years - 2 cars, car insurance, house contents insurance, a couple of new appliances, some new furniture and paying out the bond for a rental property - maybe NZ $60k so we didn't have to spend that out of any salary and to prevent us needing any finance.
You will have to watch your money and limit how much you pay out in rent per week which will be your highest expense.
When you mention salary + super, what do you mean by super ?
Unlikely it'll be a company superannuation pension scheme as there aren't many. I'd expect you mean Kiwisaver and if so what % rate will the company be paying in.
It is mandatory nowadays for Kiwisaver to be offered but a person an opt out if they like. If you remain in the scheme you will opt to pay either 2, 3, 4, 6 or 8% of your earnings in to a Kiwisaver fund which is for your retirement years. If you opt in your company will also match your contributions usually up to 4%. When a company offers a salary it is wise to check these contributions are in addition to the offered salary.

A 2 bed place out of the city in a suburb should be affordable and there are plenty of suburbs to chose from.
There's plenty of public transport options. Lots of buses from all over. Trains only come/go North of the CBD. Only other option now is rentable electric scooters - Lime and Uber.
Power will be $150 to $300 a month depending on how often you use heat or air con if that is an option for summer. Water should be free if renting (or more to the point included) as that is paid by the owner in the council rates charge. If the property has a water meter you will have to pay for usage but not expensive maybe $60 a quarter. Internet approx $80 a month. Mobile phone contract start at $20 per month.

Daycare for child will be $50 however if you are on a permanent class visa your child should get the ECE hours offered by the government which effectively halves your charges.
Dining out can be expensive. All depends what you want and where. Restaurants and drinking in the CBD is relatively expensive but cheaper elsewhere.

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Old 6th July 2019, 02:18 PM
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Thank you for the valuable information escapetonz !

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