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

High migration figures place "enormous" strain on rental market

Author
Newstalk ZB,
Publish Date
Wed, 13 Dec 2023, 7:19am
Photo / 123RF
Photo / 123RF

High migration figures place "enormous" strain on rental market

Author
Newstalk ZB,
Publish Date
Wed, 13 Dec 2023, 7:19am

How long can the rental market meet demand for migrants? 

Stats NZ data shows 245,600 migrants arrived here in the year to October; a new record. 

Net migration is nearly 129,000. 

Compared to Australia, we've taken in 30% more people when adjusted for inflation. 

Aspire Property Management Managing Director, Mike Atkinson, told Tim Dower that it's an enormous amount of people, putting a strain on the system, and could push rents up even further. 

LISTEN ABOVE 

Take your Radio, Podcasts and Music with you