The chart below proves once again that rents are steadily rising right across the Auckland Region as has been predicted in these columns on several occasions. Naturally there are some odd results but that is the nature of statistics. It is the general trend that has to be looked at.
As costs, prices, disincentives and tax changes bite into investors pockets these rent increases will become more and more pronounced. The Rugby World Cup will also accelerate rents. Even though the event will pass, new levels will be set and it is doubtful that rents will fall to the same extent they rose.
I foresee better times for investors who ignore the sniping from the uninformed and envious. I have no doubts that the ultimate rewards will be great.