Do you know the definition of affordable when it comes to housing? The basic version - up to a maximum of 40% of gross income, preferably 30%. Anything above is considered to create a situation of "housing stress".
If the median income is $575 / week ($30,420 / yr) then that means no more than $234 per week in rent, or mortgage to stay out of housing stress. How many homes can you rent in Nelson for that?
Nelsonian of the Year 2009
Queen’s Service Medal 2010
Founding Chair of the
Nelson Tasman Housing Trust
Founding & Current Director of Victory Community Centre
(NZ Community of the Year 2010)