Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Cost of three bedroom rental in Auckland remains stable

Media statement
27 June 2013

Cost of three bedroom rental in Auckland remains stable

The average rent for a three-bedroom home in Auckland over the past 3 months has stayed constant at $446 a week.

“Rental prices have been stable now for the past three months, and for a three-bedroom home have risen only $10 since the start of the year,” said Kiri Barfoot, Director, Barfoot & Thompson.

“Much of the movement in rental prices that have taken place in Auckland during the past 12 months occurred during the latter part of 2012, and rents have, since the start of the year, gone through a settled period.

“This stability in rental prices is showing up in all suburbs and across the entire rental stock from 1 to 5 bedroom homes.

“As with house sales, during the winter months there is a seasonal downturn in demand for property, and this takes the pressure off price increases.”

The geographical area of biggest rental increase in the past three months is the western suburbs, where the average rent for a three bedroom home has increased by $48 a week to $400.

In the same area a two bedroom rental has increased by $28 a week to $318, and rent for a four bedroom property has remained constant at $503.

The most attractive three bedroom rentals can be found in Franklin, where the average rent is $354 a week. Prices have increased by $7 a week in this area in the past three months.

The most expensive part of town to rent a three bedroom property is the eastern suburbs where the average rent is $541 a week.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Bojo Visit

British Foreign Minister Boris Johnson is in town today, just over a year since his political career peaked… and then wobbled off into a grey zone of indecision...

Currently, Johnson is touring the former colonies, talking up the historical ties. More>>

 

PM's Press Conference: Boris, Infrastructure, Immigration, Drugs

Prime Minister Bill English opened this week's post-cabinet press conference by revisiting that day's announcement of 'Crown Infrastructure Partners'... More>>

Employers Pleased: Reports Of Govt Backdown On Low-Wage Immigration

MEA: We are pleased to hear that the Government is planning to review incoming immigration changes with a specific focus on how they will affect the regions. Effectively addressing skills shortages in manufacturing and other sectors needs to remain a core part of our immigration system ... More>>

ALSO:

Gordon Campbell: On The Ch-Ch-Changes At IRD

Job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation... More>>

ALSO:

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

Gordon Campbell: On The Greens’ Room For Political Pragmatism

The Greens here are currently being criticized by the commentariat for not making the same kind of pragmatic choices that sunk the Democrats in Australia. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog