Rents on new tenancies rise 4.5% nationally and 13.7% in Auckland as the residential property market tightensDecember 22, 2014 – Greg Ninness

There was a significant drop in the number of new residential tenancies in November co… See More

Photo: Rents on new tenancies rise 4.5% nationally and 13.7% in Auckland as the residential property market tightens</p><br />
<p>December 22, 2014 - 02:00pm, Greg Ninness</p><br />
<p>There was a significant drop in the number of new residential tenancies in November compared with a year earlier and a rise in median rents, suggesting the rental accommodation market is continuing to tighten.</p><br />
<p>The Ministry of Business, Innovation and Employment, which holds tenancy agreements and bonds on behalf of tenants and landlords, received bonds for 3196 new residential tenancies throughout New Zealand in November, a 29.8% drop from the 4553 bonds it received in November last year. </p><br />
<p>The median rent of those new tenancies was $370.01a week, up 4.5% compared with the median rent of $354.08 in November last year (see table below).</p><br />
<p>Source :

Link:

http://www.interest.co.nz/property/73466/rents-new-tenancies-rise-45-nationally-and-137-auckland-residential-property-market-t

 

 

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