The battle to be the highest earning area in the country has turned into a neck and neck battle between Wellington City and Auckland City. The conclusion comes from an analysis of over 72,000 vacancies listed on Trade Me Jobs.
Head of Trade Me Jobs, Jeremy Wade, said the average salary in Wellington City was up a solid seven per cent on last year to $71,558 – hot on the heels of Auckland City where wage growth was up just 0.2 per cent to $71,560.
“After dominating 2017, the capital has been chasing Auckland for the highest earning area this year and there’s now just a paltry $2 difference. With lower living costs and employers putting more money on the table, the grass could be greener for employees in the capital.”
Mr Wade attributed a chunk of the solid job growth in Wellington to the relatively new Labour-led Government assuming power and with the public servant cap being lifted last month, this growth should continue in the third quarter.
Overall, the national average wage remained relatively flat year-on-year, increasing just 0.7 per cent in the last year to $60,970, although some regions were doing particularly well. “The Wellington region was leading the pack with the highest increase in the average salary, up 7.1 per cent to $66,461, along with Gisborne which jumped up 6.5 per cent on last year to $59,017 and the West Coast which was up 4.8 per cent to reach $60,344,” Mr Wade said.
For those looking to change jobs in the next year, Mr Wade advised that making the move sooner rather than later was the way to go. “It’s a job hunter’s market with the average number of job applications down 6.3 per cent across the country.”
He said this was due to “reasonably prosperous” times and the country being near natural full employment. “With employer confidence at a five-year low and job growth flattening, the job market is evening out and it looks like a good time to dust off that CV if you want to make a move. If things continue this way, we could see a dip in job ads in the next quarter and a swing back towards employers with more applicants than roles in some sectors.”