Rent Prices

A new report has revealed that rent prices have steadily been rising across the country; with the median rent increasing by $50 a week a week in parts of Auckland. Latest housing bond data collected by the Tenancy Services has revealed over the last 12 months historically affordable areas of the city have seen skyrocketing pricing.

bFM’s Adam Jacobson spoke with Interest.co.nz Property Editor Greg Ninness about what the underlying reasons for this may be; and how we could solve a potential rent cost crisis.