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Herald gets Hot on Auckland Rents
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TBH both situations described sound ridiculous. guy living in south Auckland with his 3 year old saying he can't find anything under $500!! come on there are lots of 2 beds in the low 300s.
another one, 2 bed terrace in mt Albert, slapped with an $858 increase per YEAR! gone up from $370 to $386/wk.. sounds cheap to me! hardly newsworthy.
EDIT: found the stories http://www.nzherald.co.nz/nz/news/ar...ectid=10909192
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Brilliant news.
I love it when the media start conditioning auckland tenants for more rent rises.
Lets face it, if the average joe bloggs is too lazy and high headed to buy a cheaper house on the fringes and do it up himself, live there for a few years.
Then work his way up to a better house in a better area.
Then he deserves to pay the higher rent to reside in a nicer house in a nicer area.
I have done my time in Massey (awful place the west), I have no sympathy and zero tolerance for these whingers.
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I love it when the media start conditioning Auckland tenants for more rent rises.
But anyway in the last 6 month rents actually stagnated and in some parts decreased... west Auckland is experiencing one of the slowest rental market and winters for long time... there are alot of listing for rent.New Zealand's #1 Marketplace for Property Investors & Sellers!
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Originally posted by flyernzl View PostSo they expect to be able to push up Council Rates, double insurance premiums, and not have rent levels increase?
lol, I've just had my new rates for this coming year together with a letter telling me how they are a bit embarrassed how much they have jacked them up (yet again), so they have given me a little discount.
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Originally posted by Gladdynook View PostTBH both situations described sound ridiculous. guy living in south Auckland with his 3 year old saying he can't find anything under $500!! come on there are lots of 2 beds in the low 300s.
another one, 2 bed terrace in mt Albert, slapped with an $858 increase per YEAR! gone up from $370 to $386/wk.. sounds cheap to me! hardly newsworthy.
EDIT: found the stories http://www.nzherald.co.nz/nz/news/ar...ectid=10909192
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Originally posted by Orkibi View PostBut anyway in the last 6 month rents actually stagnated and in some parts decreased... west Auckland is experiencing one of the slowest rental market and winters for long time... there are alot of listing for rent.
Lowest wage growth since 2010
www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10909570
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I disagree in the short to medium term SB.
we already had increases in the bugging of the recovery 2011-2012. At the moment I only see it stagnating again for 1-3 years.
i hope I'm wrong !New Zealand's #1 Marketplace for Property Investors & Sellers!
FREE Access to HOT Property Deals
CLICK HERE FOR MORE INFO.
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Renters cant borrow from the bank as you wealthy land owners can. So there is a limit to what you can extract from them and ultimately that dictates the "ultimate value" of the property you buy. I have a feeling a
lot of "property investors/speculators" don't understand this relationship. So unless wages go up - something is going to break.
Anyway, my lease/rent went up 3.3% just last week, i was upset but i decided to wear it as the cost is still cheaper than moving out, carpet cleans, moving costs etc, agency fees etc. The other side of the coin is that interest on savings account has fallen by 25 points.
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Anyway, my lease/rent went up 3.3% just last week, i was upset but i decided to wear it as the cost is still cheaper than moving out, carpet cleans, moving costs etc, agency fees etc.Squadly dinky do!
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Originally posted by TheFlash View PostRenters cant borrow from the bank as you wealthy land owners can. So there is a limit to what you can extract from them and ultimately that dictates the "ultimate value" of the property you buy. I have a feeling a
lot of "property investors/speculators" don't understand this relationship. So unless wages go up - something is going to break.
.
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