Rents in Auckland according to the latest Trade Me property statistics has seen rents in Auckland increase by 3% compared to the previous year, with the median rent increasing by $10 per week to $510.
So not the increase we all would have liked but when compared most other regions in NZ (excluding Wellington which had a 7.7% increase) it’s still better as most stood still.
We would expect for the rental market to now quiet down for the next month but see it rapidly pick up again in mid to late January. Offering incentives for prospective Tenants over this quiet time, like a couple of free weeks rent can often see the Landlord with more money in their pocket long term rather than holding out till the market picks up again and new supply comes onto the market.
To talk to one of our specialists about the ever changing Auckland rental market please contact us on 486 4710 for a no obligation chat.