The most expensive districts to rent in Aotearoa as supply dwindles and demand surges   Auckland North Shore: New Zealand’s Highest Rent-Paying Area   According to recent data from TradeMe, tenants in the Auckland North Shore area faced an average rent increase of $30 in July, bringing their monthly rental cost to $730. Meanwhile, in…

Here’s how much prices have to rise to make buying a better option than renting your house   If house prices were to rise about 5% over the next year it would pay homeowners back for the extra cost of owning their home compared to renting it – at least on paper, BNZ chief economist…

Queenstown Housing Shortage: Government Support Gap Due to Area Classification   In the struggle to cope with rising rents, some tenants in certain Queenstown areas are finding themselves unable to access government rental support due to area classification issues. While Queenstown has rapidly grown into a tourism hub, newly developed suburban areas like Lake Hayes,…

Migration surge puts upward pressure on rents   According to data released on Wednesday by Stats NZ, rental prices are on the rise nationwide. The “flow” measure, which includes new leases, increased by 6.2% compared to the previous year and 1% compared to the previous month in August. The inventory measure, which includes existing leases,…