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The national median weekly rent jumped 7 per cent year-on-year to reach $575 in March, matching the record-high annual inflation growth in Q1 reported by the Reserve Bank last week, according to Trade Me’s latest March Rental Price Index.
Following a 100% ‘hit rate’ on its housing market predictions for 2017 - the Property Institute has now released its predictions for 2018.
"It is important to protect tenant rights," said Andrew King, executive officer of the NZ Property Investors’ Federation. "However, it is not correct to say that tenants have no rights in New Zealand and that tenancy laws need to be rebalanced towards the tenant".
An increase in the number of property investors purchasing Hamilton homes is increasing the number of rental properties available in the city, according to Lodge City Rentals business development manager David Kneebone.
The New Zealand rental market picture shows stronger supply and weakening demand in almost all regions, according to Trade Me Property’s analysis of the final quarter of 2012.
New Zealand First is calling on the Government to impose a short term rent freeze in Christchurch to combat an out of control rental market.
There is good news for landlords across much of the country with rental demand from tenants up 13% on a year ago, according to the latest analysis of Trade Me Property's house rental listings in the three months from October to December.
March was characterized by more investors, more multi-offers and more property sales, according to the First National Group's monthly residential real estate agent survey.
The shot in the arm came from a variety of quarters, First National Group general manager John Stewart says.
Tourism Holdings (thl) today announces it has entered into an agreement to purchase JJ Motorcars Inc. which trades as Road Bear, a recreational vehicle ("RV") rentals business in the United States based in Los Angeles.
Rental demand has increased over the past three months with both vacancy rates and rent drops decreasing.
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