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Auckland rent prices likely to increase further

Author
Newstalk ZB,
Publish Date
Fri, 17 Nov 2023, 8:22AM
Photo / File
Photo / File

Auckland rent prices likely to increase further

Author
Newstalk ZB,
Publish Date
Fri, 17 Nov 2023, 8:22AM

It’s believed that Auckland's surging rental prices won't stop anytime soon.  

According to global realtor and research firm Knight Frank, it's among the top three most expensive cities to rent in.  

The price for prime property has risen 6% in the six months to September, second to Sydney and Singapore.  

Aspire Property Management Managing Director Mike Atkinson told Mike Hosking that migrant arrivals continue to push prices.  

He says properties are still renting after about a fortnight on the market, even with raised prices, so rents will probably continue to go higher. 

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