ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Property investors warn govt. that rental prices need to be reined in

Author
Newstalk ZB,
Publish Date
Thu, 23 Nov 2023, 7:36am
(Photo / Getty)
(Photo / Getty)

Property investors warn govt. that rental prices need to be reined in

Author
Newstalk ZB,
Publish Date
Thu, 23 Nov 2023, 7:36am

An influx of migration and lack of property investors is thought to be driving up rental prices around the country.

Rental growth is running at historically high levels, hitting 6.1% in the year to October, with Auckland skyrocketing by 8.5% over the past year.

Aspire Managing Director Mike Atkinson told Kate Hawkesby that he's warning the incoming Government that prices need to be reined in.

He says if prices continue to rise renters will fall out of the market, putting more pressure on social housing wait-lists.

LISTEN ABOVE

Take your Radio, Podcasts and Music with you