My feeling is rent rises are flattening out i.e. rents not rising anymore. The was a lot of media hype before winter about 100s of people lining up at rent open homes (in Auckland central suburbs) and rents going through the roof.
I just chatted with an Auckland property manager yesterday. She was saying she is having real trouble renting properties all over Auckland this winter. She did say the one exception was the North Shore Bays but this is probably due to lack of rental properties in the bays. I amagine the bays are largely owner occupied and the area is not a hot bed for rental properties.
What are you guys seeing this winter in terms of ease/speed of finding good tenants as well as rental prices achieved? Any hot spots that are still renting easily and still get steady rent rises?
Shane
I just chatted with an Auckland property manager yesterday. She was saying she is having real trouble renting properties all over Auckland this winter. She did say the one exception was the North Shore Bays but this is probably due to lack of rental properties in the bays. I amagine the bays are largely owner occupied and the area is not a hot bed for rental properties.
What are you guys seeing this winter in terms of ease/speed of finding good tenants as well as rental prices achieved? Any hot spots that are still renting easily and still get steady rent rises?
Shane
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