12-01-2015

Rent increases expected in Auckland

Thousands of Auckland tenants could be in for a big shock as experts predict rents will continue to rise rapidly this year.

Kiri Barfoot, a Barfoot & Thompson director, and David Whitburn, immediate past president of the Auckland Property Investors Association, said Auckland rents rose 4.6 per cent in the year to November 30 - up an average $21 a week across all suburbs and all property categories - and a similar increase could be expected this year as rising demand continues to squeeze an already tight sector.

Read the full article in the NZ Herald here

Tags: rental prices - david whitburn