The latest property affordability survey results place Wanganui first in NZ as the most affordable for living. I have lived in Wanganui for the last 3 years. We bought when the NZD was 0.53-0.55 to the USA, and that rate is now $0.80. We expect it will be fairly stable at these rates for the foreseeable future. NZ has healthy exposure to food exports, albeit premium product. We expect some trade off in volumes and prices, and otherwise a soft economic outlook. Not as bad as offshore, and we see monetary policy (i.e. yields) as a weak influence on exchange rates.
If you'd like to know more about Wanganui, take a look at this article in the local newspaper.
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