For a large number of Whanganui residents renting is their only option.
Editorial
The Whanganui Chronicle brings back some of the best premium content of the year for your summer reading enjoyment.
A cursory examination of rental housing with various agencies raises a major concern.
There are few properties available for under $250 a week, with a two or more bedroom housecosting on average $400-plus a week. Single-room apartments are scarce.
Add to that many of the traditionally lower-priced rentals have had recent rent hikes.
It beggars belief how a person on a benefit or pension who might earn less than $400 a week can afford to live here.
Hannah Kelly, of economic development agency Whanganui & Partners, quite rightly celebrates the latest figures showing Whanganui incomes have risen to an average of $51,253.
Landlords deserve to cover their costs and profit from their investments.
But in a land where home ownership used to be the aspiration for every citizen it's high time rentals were brought under control and other forms of investment become attractive.