Middle class struggles with housing costs in Rotorua

A new affordable housing project in Rotorua will offer homes at 80% of market rent for essential workers. This development includes 28 affordable rental properties and aims to address the financial struggles faced by middle-class workers in sectors like nursing and education. The three-bedroom homes will rent for $520 per week, compared to the market rate of $650. This change is expected to save tenants about $6,760 annually, easing the burden of rising living costs. Economists note that many essential workers are finding it difficult to afford housing as rents increase faster than wages. The situation varies by region, with some areas being more affordable than others for teachers and nurses.