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Thread: How much do you need?

  1. #1
    Join Date
    Mar 2005
    Location
    Christchurch
    Posts
    250

    Default How much do you need?

    Due to the lack of movement in the housing market near us, we are looking at a back up plan incase my job offer becomes in jeopardy. Therefore we may decide to rent the house for 6months or so.
    So the big question is how much money do you think we would need to comfortably get through the first 3 months in NZ. We would be looking at buying a couple of cars, sorting out a rental and either hiring or buying some furniture and other necessities.
    So come on how much for a family of 4 going to Christchurch.

    Cheers
    Jonathan

  2. #2
    Join Date
    Sep 2005
    Location
    QLD(NZ-Greenhills-E Linc-UK)
    Posts
    1,515

    Default

    have you thought of checking the on-line stores to work out the cost of buying essentials when you get there? thats what I am doing to do to work out a starting figure.

    but I await to see what replies you get....

    Kat

  3. #3
    Join Date
    Dec 2005
    Location
    Titirangi
    Posts
    127

    Default

    Hi There

    There is a cost of living calculator under 'cost of living' on this web site home page, (www.enz.org) we found it very useful
    Hope it can help you to work out finances!!


    Westies

  4. #4
    Join Date
    Feb 2005
    Location
    Eastern Auckland (from UK '05)
    Posts
    3,182

    Default

    Depends on so many things, how many of you are there, where you are going to live etc. But as rough idea,

    CArs, 8-10 yr old jap imports around 6-10000, unless you want something flash/or newer then you could be looking at around $20+ have search for Turner auctions.

    Rentals, say around $350 per week, you will need three-four weeks rent in advance as a bond (should be returned at end of tenancy providing no damages)

    Leccy if in rental you will need to pay a bond of around $150, and then monthly bill of aournd $100 (ours is with Genesis Energy)

    Phone rental is about $50 a month but I think you have to pay an installation fee, and then you may need a bond for that as well, so factor in another $150, if you want internet then thats another 40-70 depending on package (check out telecom)

    furnture check out DTR for rental prices there was a thread round here somewhere about furniture internet sites, that will be a good guide for you.

    Once you have added all this up, I would add at least 10% to the total to cover things that you have not thought of, its shocking how fast the money goes, even if you think you have plenty!

  5. #5
    Join Date
    Aug 2004
    Location
    Nelson, NZ
    Posts
    240

    Default

    Cars can be bought very cheaply; just drive around and you'll see them parked at the roadside with for sale signs on a big bit of cardboard. I got a decent 13 y/o Mitsubishi Diamante for $1200.

    Equipping a house with the basics can be cheap. Just go to the Warehouse; we e.g. toaster $10, kettle $11, cutlery set, $6 pots $12 etc.

    White goods can be pricey, check on Trademe.co.nz for secondhand deals. TVs are cheap, we got a 29" with free DVD player for just over $300 new - Warehouse again.

    Furniture - got those folding canvas chair things from Countdown, $9 each, I'm sitting on one now.

    Cheers
    Billy

  6. #6
    Join Date
    Feb 2005
    Location
    New Plymouth - here to stay!
    Posts
    539

    Default

    If it helps, we have been here 2 1/2 months and have spent NZ$13,000 which has included purchase of a car ($1500) and school fees (about $1500). We are a family of four and we have had some unexpected costs (eg a large dentist bill) and have had to fork out quite a bit with immigration (student permits, work permits for each of us, etc). This has included rental at $400 a week (fully furnished), phone bills, fuel bills (car and heating) and food. Also some xmas spending.

    Hope this helps!

  7. #7
    Join Date
    Mar 2005
    Location
    Christchurch
    Posts
    250

    Default

    Cheers for the replies.
    So if I can lay my hands on(beg,steal or borrow) say upto 20000 we should be laughing?
    Jonathan

  8. #8
    Join Date
    Oct 2004
    Location
    Seattle
    Posts
    756

    Default

    This doesn't answer the question you asked, but just as a side comment for anyone interested:

    I reckon it's worth striking a balance between the perfectly reasonable business of gathering as much cash as you can before you leave, while also making sure that the main impetus of the whole venture stays intact as does any golden opportunity for you on NZ soil that might pop up. What I mean by that is that, for example, it might be better to forego a few hundred extra dollars if, by delaying the trip to NZ to earn them, you miss the chance to attend a priceless conference in NZ or, say, the opportunity to spend a couple of weeks being shown around NZ by pals that your instinct tells you would be really valuable. Or, of course, you might decide in the circumstances that the extra cash is likely to be most helpful.

    One way this kind of thing might come up in practice is if, say, you are a teacher and have the choice between leaving for NZ in August, or working longer in your home country and leaving for NZ nearer the start of the NZ school year. Well, the latter might be best if you have a NZ job offer in place for the new NZ school year, but if you don't then you might decide it's better to sacrifice the extra home-earned savings for the chance to get to NZ soil in the August and settling/networking months before the new school year, so that you are up to speed and in place for job offers for February.

    More broadly it might just be worth keeping aware of the (not necessarily irksome) 'tension' between, on the one hand, scraping together every penny and, on the other, moving to NZ while the family's motivation and excitement are at a really robust pitch.
    Maybe ultimately, or at least in many cases, there is not such tension, but I hope that even if it's an artificial idea it makes a worthwhile point.


  9. #9
    Join Date
    Aug 2004
    Location
    ChCh as of 06/11/2004
    Posts
    288

    Default

    Quote Originally Posted by JJG
    Cheers for the replies.
    So if I can lay my hands on(beg,steal or borrow) say upto 20000 we should be laughing?
    Jonathan

    FWIW, we came to Christchurch in Nov 04 and spent just over $38,000 in the first three months and that included just under $17k for a car so based on the current exchange rate 20k should be fine.

  10. #10
    Join Date
    Jan 2006
    Location
    Palmerston North
    Posts
    451

    Default

    To get an idea of rental prices, this site may help, they sell houses too.

    http://www.harcourts.co.nz/

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