Rent rises are coming for tenants in Auckland as the market catches up with skyrocketing house prices.
The industry says January is the best time for landlords to review their rent and consider increasing it.
And it’s come as a shock to those who are already struggling to find a home.
A place for rent at an affordable price is a sight getting harder to find in Auckland.
And as landlords use the New Year to reassess rent there’s a warning to tenants – the price is rising.
“I believe there is room for movement and I think we’re going to see that in the next few months,” says Auckland Property Investors’ Association (APIA) president Andrew Bruce.
APIA says raising the rent is just good business sense.
“Landlording is a business, it isn’t a set and forget investment,” says Mr Bruce.