Consumer Watch: Good rent deal harder to get

March 20, 2015 at 11:16 AM

Soaring house prices and tighter lending rules mean ever-increasing numbers of New Zealanders are becoming long-term renters.

But getting a good deal as a renter can be just as cut-throat as securing an affordable home, especially in Auckland.

Trade Me figures show the average weekly rent was up 9 per cent in January, compared with the corresponding period in 2013.

In Auckland, the average rent was up 6.7 per cent to $480 a week.

The increased competition for sought-after rentals has led to queues of as many as 50 people outside open homes. Some would-be tenants are offering to pay extra to secure properties, as well as submitting extensive CV-like applications.

Soaring house prices and tighter lending rules mean ever-increasing numbers of New Zealanders are becoming long-term renters.

But getting a good deal as a renter can be just as cut-throat as securing an affordable home, especially in Auckland.

Trade Me figures show the average weekly rent was up 9 per cent in January, compared with the corresponding period in 2013.

In Auckland, the average rent was up 6.7 per cent to $480 a week.

The increased competition for sought-after rentals has led to queues of as many as 50 people outside open homes. Some would-be tenants are offering to pay extra to secure properties, as well as submitting extensive CV-like applications.



Category: Rentals