Rent Rises Spreading

Now not only do we have rents rising in Auckland, but rises starting to spread through other parts of the country
as outlined in my previous post a few days ago, and the reasons why:

Read it here:
http://www.ollynewland.co.nz/rising-rents-are-here/6439/

Rents in Christchurch are quickly catching up with those in the capital

June 23, 2014  Greg Ninness

Residential rents appear to have risen twice as much in Christchurch as they did in Wellington City in the year to May, although Wellington rents are still slightly higher overall.

Information compiled from tenancy bonds received by the Ministry of Business Innovation and Employment show the median rent in Christchurch was $390 a week in May, compared with $369 in May last year, an increase of 5.7%.

In the capital the median rent was $400 a week in May compared with $390 in May last year, a rise of 2.6%.

Read the rest here:

http://www.interest.co.nz/property/70544/rents-christchurch-are-quickly-catching-those-capital

 


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