No end in sight for city’s growing rental shortage

Tauranga is in the grip of an escalating rental shortage – and real estate experts do not expect it will end any time soon.

Owner of Tauranga Rentals Dan Lusby said rental properties listed online had almost halved, from 300 to 150, in just two months.



(photo: Dan Lusby)

In a snapshot of rental properties available on TradeMe yesterday, 136 properties were listed, 31 in Mount Maunganui and 18 in Papamoa.

Mr Lusby said he had not seen a shortage of rental properties “to this extent”.

Tauranga Rentals received about 80 application in one week for a home in 15th Ave.

“We’ve got desperate people coming in, ringing in, emailing in saying they can’t find anywhere to live and they’ve got to get out of the house they’re in because it’s been sold, or for whatever reason, and we just can’t house them.”

Mr Lusby believed the shortage was due to “growing pains” associated with the city’s rapid growth. “Employment is high in Tauranga, with a lot of new industries which is creating new opportunities for people out of town to come here and want houses as well.”

link: http://www.nzherald.co.nz/bay-of-plenty-times/news/article.cfm?c_id=1503343&objectid=11521231

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