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  1. #1
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    1,717

    Default Auckland rents are outstripping wages and rising faster than inflation

    The Herald takes a break between fawning Paul Holmes stories to publish a take on the rental property market:

    http://www.nzherald.co.nz/nz/news/ar...ectid=10861294

    Pity that the longer term picture is only mentioned well down in the article
    'For quite a lot of that last 12 years, rents have actually increased at a much slower pace than CPI'

    Certainly, compared to the value of the house, rents have halved over the last 20 years.
    Last edited by flyernzl; 25-01-2013 at 08:27 AM.

  2. #2
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    10,102

    Default

    Right. A shame the relevant paragraphs did not get more emphasis.
    Quote Originally Posted by abridged
    ASB chief economist Nick Tuffley said that for quite a lot of that last 12 years,
    rents have actually increased at a much slower pace than CPI ... but the times
    when we have seen rents lift relatively sharply have coincided with a housing
    supply shortage.

  3. #3
    Join Date
    Jul 2010
    Location
    Auckland City, why invest else where?
    Posts
    987

    Default

    around this time of every year, this kind of article always pop up.

    Mt wellington, Mt albert, Mt Eden rents for units have not increased this year compared to last.
    Novice Investor Turning Pro
    If you would like a Super Property Coach to super charge your property investment, call my coach Ron Hoy Fong 021 888 298 today!

  4. #4

    Default

    Quote Originally Posted by NovInvestor View Post
    around this time of every year, this kind of article always pop up.

    Mt wellington, Mt albert, Mt Eden rents for units have not increased this year compared to last.
    I can say with 100% certainty that 2 bdr units in Mt Wellington have gone up by around $20 per week in the last 12 months, we are now starting to see units for $370 per week, infact there were two unremakable 2bdr units listed yesterday for $395. Trademe

  5. #5
    Join Date
    Jul 2010
    Location
    Auckland City, why invest else where?
    Posts
    987

    Default

    Quote Originally Posted by blurt View Post
    I can say with 100% certainty that 2 bdr units in Mt Wellington have gone up by around $20 per week in the last 12 months, we are now starting to see units for $370 per week, infact there were two unremakable 2bdr units listed yesterday for $395. Trademe
    Yes but will they be rented for $395? Asking price and final 'purchase' price are two different things, but good luck to them if they can rent that high!

    http://www.trademe.co.nz/Browse/Cate...ch_suggested=0

    I always keep this search on my browser.

    Look at the number of sub-$350 listings....
    Novice Investor Turning Pro
    If you would like a Super Property Coach to super charge your property investment, call my coach Ron Hoy Fong 021 888 298 today!

  6. #6

    Default

    Personally i have not seen any real evidence of rents going up in the south & east areas of Auckland. They have remained very static for the last 5 years.


 

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