The Coming NZ Property Boom

Bidding wars over rental housing
By Michael Dickison
Wednesday Feb 1, 2012

Auckland tenants say they are trapped in a bidding war in a city choked for rental properties, as consents for new housing hit a 46-year record low.

Desperate house hunters are sending realtors full CVs with photographs before viewings – which they turn up to with applications already filled out – and one renter says he has been up against offers to pay $100 extra a week.

Auckland Mayor Len Brown says affordable housing is one of the big issues facing the city as it welcomes its 1.5 millionth resident this week.

Read more here:

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10782588

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