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25 Apr 2024 9:25
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  •   Home > News > Business

    Auckland rents have reached an all time high -- but only just

    Auckland rents have reached an all time high -- but only just


    Latest rental data to the end of March shows an annual lift of 3.3 per cent.

    Barfoot and Thompson data shows rent for a three bedroom property has risen from an average 597 dollars a week in late 2019 -- to 603 dollars a week.

    Director Kiri Barfoot says rents are rising at a relatively measured pace, by only three to five per cent annually.

    Rents on properties with five or more bedrooms remained relatively static, up less than a per cent.

    © 2024 Newstalk ZB, NZCity

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