Auckland rent rises outstrip rest of country
Most Auckland landlords are increasing the rents they charge much more quickly than the rest of New Zealand, according to the latest Crockers Auckland rental price table.
Nationwide, median rents rose across all property sizes in May, with two-bedroom properties having the biggest jump, up 9% from May 2011 to $315 per week.
One-bedroom properties were the next biggest rise, up 4% to $240, followed by three-bedroom properties, up 3% to $360, and four-bedroom properties, up 2% to $450.
However, in many Auckland suburbs the rent rises far outstripped the national increases...MORE»
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