Auckland landlords prepare to hike rents
More than three-quarters of Auckland landlords intend
to hike rents in response to hefty rates increases
announced by Auckland Council.
The latest Crockers Property survey asked how
property owners planned to manage increasing council rates.
The council has announced an average residential rates increase
of 9.9 per cent, which includes a targeted rate of $114 for transport -
due to come into effect next month.
Only a quarter of landlords indicated that they would not
increase rental prices to cover the rates hike,
while the remainder would increase prices to cover all (33 per cent),
or part of the increase (43 per cent),
the survey found.
It was based on responses from 127 landlords and was carried out on June 9.
More than three-quarters of Auckland landlords intend
to hike rents in response to hefty rates increases
announced by Auckland Council.
The latest Crockers Property survey asked how
property owners planned to manage increasing council rates.
The council has announced an average residential rates increase
of 9.9 per cent, which includes a targeted rate of $114 for transport -
due to come into effect next month.
Only a quarter of landlords indicated that they would not
increase rental prices to cover the rates hike,
while the remainder would increase prices to cover all (33 per cent),
or part of the increase (43 per cent),
the survey found.
It was based on responses from 127 landlords and was carried out on June 9.
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