Saudi city for ladies only
A Saudi Arabian agency is hoping to build an entire city to be managed and staffed by female employees. Raising women's employment rate is a goal of the kingdom, where until last year, nearly all jobs were held by foreigners and Saudi males, including jobs as sales clerks in women's lingerie shops. (Source: The Guardian)
Good life in the country costs less
OK, so you move out to, say, Whangaparaoa from the North Shore to get a more affordable mortgage. The estimated extra petrol costs ($55 a week) aren't going to make it more expensive than the difference in mortgage payments. Mike Dennehy explains:
"1. You live close to town and have a $500,000 mortgage. Using Westpac's online mortgage calculator, repaying a $500,000 mortgage over 20 years at the current rate of 5.6 per cent p.a., your monthly payments are $3468.
"2. You move out of town and get an affordable house at, let's say, a $300,000 mortgage. Using the same calculator, the monthly repayments are only $2081. The difference looks like this - you will save $320 a week on your mortgage, and pay an extra $55 a week for transport. You're $265 a week better off, and you're on the housing ladder. It gets better: the annual difference is $16,640, but you only have to come into work for a maximum of 48 weeks, so the extra travel works out at $2640 a year. You're better off by a whopping $14,000 a year!"