An interesting anecdote for y'all.
My first rental (in Hawke's Bay) was at the rate of $100 a week, in 2000.
The rate for the past 2 years (for the same rental) has been $154 per week.
A tenancy change over will see the new rate advertised at $182 per week.
We all know that the right rental rate is that which a willing LL and tenant
agree on, without significant external forces coercion, so I may not achieve
that figure.
If I do achieve that figure, it will be an 82% increase over 15 years.
The RBNZ Inflation calculator for housing says that housing that cost $100.00
in quarter 1 of 2000 would cost $268.41 in quarter 1 of 2015. That's an in-
crease of $168.41 over 15 years, or 168% (if my maths is right).
The RBNZ Inflation calculator for general (the CPI) says that a 'basket of goods'
that cost $100.00 in quarter 1 of 2000 would cost $141.56 in quarter 1 of 2015.
That's an increase of $41.56 over 15 years, or 42% (if my maths is right).
So . . . ?
My first rental (in Hawke's Bay) was at the rate of $100 a week, in 2000.
The rate for the past 2 years (for the same rental) has been $154 per week.
A tenancy change over will see the new rate advertised at $182 per week.
We all know that the right rental rate is that which a willing LL and tenant
agree on, without significant external forces coercion, so I may not achieve
that figure.
If I do achieve that figure, it will be an 82% increase over 15 years.
The RBNZ Inflation calculator for housing says that housing that cost $100.00
in quarter 1 of 2000 would cost $268.41 in quarter 1 of 2015. That's an in-
crease of $168.41 over 15 years, or 168% (if my maths is right).
The RBNZ Inflation calculator for general (the CPI) says that a 'basket of goods'
that cost $100.00 in quarter 1 of 2000 would cost $141.56 in quarter 1 of 2015.
That's an increase of $41.56 over 15 years, or 42% (if my maths is right).
So . . . ?
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