RENTS-WHAT DID I TELL YOU?

Rents remain at record highs
Newstalk ZB July 14, 2011, 12:30 pm
By Anna Cross
The average weekly rent for Auckland property eased in June, but it’s still at record highs.
Aucklanders paid an average of $420 a week last month, which was down $7 from May.
However, the average weekly rent for June is the third highest on record, as it’s $17 higher than last year and $32 more than two years ago.
Barfoot and Thompson General Manager Peter Thompson says in the past six months average weekly rents have ranged from a high of $434 to a low of $402.
He says never before has there been this level of movement in a six month period.

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