Property: Rents in Auckland rise up to 10%
Renters are paying up to $60 more a week than they were a year ago for properties across some of Auckland’s 30 suburbs.
Prices for all suburbs have gone up for two and three-bedroom properties according to figures from Crockers.
Yvette Martin and her flatmates pay $640 a week. Photo / Nick Reed
The property management company looked at median prices over the six months to February 2015, compared with the same period last year.
In Devonport, rents for two- and three-bedroom houses have increased on average $60 per week, to $495 (up 13 per cent) and $678 (up 10 per cent) respectively. The next biggest increases were in Takapuna and Milford, up 10 per cent for two-bedroom houses to $531 per week.
There were also big rises in Meadowbank, Glendowie and Remuera South where two and three-bedroom rentals have increased 9 per cent, up to $450 and $653 per week respectively.
Read the rest here: