Living alone in Auckland gets even more pricier
The price of Auckland’s one to twobedroom homes for rent has hiked more than 5 per cent already this year, new property data shows.
Between January and March, renters paid an average of $348 each week for a onebedroom home in Auckland, almost 6 per cent more than the first three months of 2016, data from Barfoot and Thompson’s suggests.
In the same months, the cost to rent a two-bedroom Auckland home increased $16 per week to $437.
Barfoot & Thompson Director Kiri Barfoot said Auckland renters were beginning to feel strained by the lack of homes available to live in temporarily.
The company received 107,268 enquiries from renters in the first three months of this year.
An average of 44 tenants showed interest for every rental property listed.
Trade Me’s March 2017 Rent Price Index suggested renting alone in Auckland had become more costly.
It said the weekly rent of one and twobedroom homes in Auckland rose more than 2 per cent between 2016 and 2017.
The cost of rent in Auckland had increased almost 20 per cent in five years.
There are not enough rental properties to meet demand in Auckland, Barfoot and Thompson says.