Wednesday, 19 May 2021, 11:02 am
Auckland’s rental market maintained its usual pace
during the first quarter of 2021, with the average weekly
rent increasing by 2.3 percent on the same time last year,
reaching $599 per week.
Barfoot & Thompson
Director Kiri Barfoot says the increase is consistent with
market expectations and pricing trends over the past two
years: “We saw an identical rate of change, 2.3 per cent,
at the end of March 2020, and the market moved at a
comparable rate throughout 2019.”
She notes the
figures are yet to reflect the impact of recently announced
changes to the bright line test or interest cost deductions