Major cities drive drop in rental listings
9:50 AM Friday Oct 14, 2011
National rental supply is down on a year ago, driven by significant drops in the number of properties listed in cities including Auckland.
National rental supply was down 7 per cent on a year ago in the September quarter, driven by significant drops in the number of properties listed in Auckland, Wellington and Christchurch, Trade Me says.
Head of Trade Me Property, Brendon Skipper, said the fall in the number of properties listed for rent had been led by major metropolitan areas with Auckland down 13 per cent, Christchurch down 27 per cent, and Wellington down 30 per cent.
"As the rental market tightens, tenants can expect to be competing against plenty of other prospective tenants for rental homes," Skipper said.
9:50 AM Friday Oct 14, 2011
National rental supply is down on a year ago, driven by significant drops in the number of properties listed in cities including Auckland.
National rental supply was down 7 per cent on a year ago in the September quarter, driven by significant drops in the number of properties listed in Auckland, Wellington and Christchurch, Trade Me says.
Head of Trade Me Property, Brendon Skipper, said the fall in the number of properties listed for rent had been led by major metropolitan areas with Auckland down 13 per cent, Christchurch down 27 per cent, and Wellington down 30 per cent.
"As the rental market tightens, tenants can expect to be competing against plenty of other prospective tenants for rental homes," Skipper said.
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