Not so sure about the impact of the exchange rate. Living costs are higher in NZ, taxes are higher (so I am told), and salary differences for qual's are not that much different - to be honest, after converting at 5,5, I can well believe that with current salaries in Jhb some people will earn less in Auckland/Wellington...but that's just an opinion. Spoke to an employment agent over there on Monday, also about expected salaries, and that was pretty much the feedback.