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Home / Business

Auckland second most expensive city to relocate to

NZ Herald
12 Jun, 2018 02:18 AM2 mins to read

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A global study of relocation costs found Auckland was the 2nd most expensive to move to. Photo / File

A global study of relocation costs found Auckland was the 2nd most expensive to move to. Photo / File

Auckland is the second most expensive city in the world to relocate to, according to a global study.

The study, conducted by furnished apartment search engine Nestpick, looked into the initial costs involved with relocating to 80 of the most in-demand cities around the globe.

Costs weighed up included Visa fees, rent, internet, phone, food and transport for the first month of relocation.

The data found that a move to Auckland would cost $5,713.68 for the first month, second only to Dubai ($6,068.64).

Ömer Kücükdere, Managing Director of Nestpick, said cost of living is a huge factor for those choosing to relocate.

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"The cost of living is often a huge factor for those looking to move, with the initial month almost always incurring extra costs due to potential visa applications," Kücükdere said.

"We hope that this index serves as a good indicator of how affordable or expensive many of the most popular remote working destinations are around the world, and will help those seeking opportunities abroad to make a smart decision."

Auckland had the 23rd most expensive monthly rent prices ($1,317.49), while San Francisco ranked first at a whopping $3,386.76.

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New York ($2,853.15), Hong Kong ($2,354.55), London ($2,272.84) and Sydney ($2,142.32) rounded out the top five of most expensive cities to rent in over a one-month period.

Median monthly food and drink costs in Auckland came to $989.26, 17th most expensive. Zurich had the most expensive prices at $1,698.91, while Bangalore was the cheapest city to eat and drink ($364.23).

Auckland was also third most expensive for internet costs ($$79.62), 14th for mobile phone costs ($90.76) and 10th for transport costs ($149.11).

"The world has never been more accessible than it is right now to those seeking out employment opportunities, cultural exchanges or remote working hubs," Kücükdere said.

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"In the last few years especially, we've seen trends that more people than ever are relocating to far-flung destinations which have rapidly digitalised. It's now equally as possible to find 4G on a beach as it is in a built-up city."

Auckland's cost of relocating was largely pushed up by New Zealand's Visa fees, which at $3,076.58 were the most expensive out of the 80 cities included in the list. In comparison, Hong Kong had the cheapest fees at $34.44.

New Zealand also had the longest Visa processing time (381 days).

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