Wages no match for cost of housing

In Taranaki, pay increases have just about kept up with house prices. In Auckland, workers are far behind.

Taranaki has come out tops as the region where the rate of wage growth has best kept up with the increase in house prices.

Analysis by the Weekend Herald shows median weekly earnings in the Taranaki region grew 19.88 per cent to $959 during the four years from June 2013 to June 2017, while the average house price grew 20.3 per cent to $285,967.

New Zealand has been at the forefront of a global phenomenon. Photo / File