A record for Wellington

The Post reports:

Wellington City’s residential rates have more than doubled since 2012, making them among the highest and least affordable in the country, a new council-commissioned report says.

Including the levy for the new $511 million Moa Point sludge-minimisation plant, median Wellington City residential rates soared from $1985 in 2012 to $5177 last year – far outpacing the 56% rise in median household wages over the same period, according to an Infometrics rates-affordability report commissioned for the council’s next long-term plan.

That’s 160% increase in a decade. Staggering. And it hasn’t been core infrastructure. It has been a series of political projects and white elephants.