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Rental market showing signs of easing

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Rental market showing signs of easing

By: Annabel Reid | Business News | Tuesday October 9 2012 12:02

 

The rental market's showing signs of easing.

Trade Me's released its latest quarterly figures which show demand is down four percent from last year, while rental asking price is up three percent, and national supply is up eight percent.

However, the picture's a bit different in Christchurch, where the number of inquiries from potential tenants is up 38 percent compared to the same time last year.

Head of Trade Me Property, Brendon Skipper, says the data shows a drop in supply, leading to increased demand and price in Christchurch.

He says it seems some tenants are holding off moving rentals and considering taking the plunge into ownership.

Photo: NZ Herald

 

Related Subjects

Trade Me | renting |

 

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