Liv­ing alone in Auck­land gets even more pricier

Central Leader - - WHAT’S ON - MADI­SON REIDY

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.

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