Rents rise in central suburbs
Auckland rental price growth was particularly strong last month in the city’s eastern suburbs, Ponsonby, Grey Lynn, Pt Chevalier and Birkenhead, Crockers’ latest statistics show.
Tuesday, March 18th 2014, 12:00AM
by The Landlord
The data compares the average of six-month rolling median rent prices to February this year compared to the same period the year before.
Three-bedroom homes in Birkenhead had one of the biggest rental increases over that time, with prices up 10% on the year before.
One-bedroom properties in Manukau posted an increase of 11% and Howick one-bedrooms were up 12%. But that is likely due to the relatively small number of bonds received for those properties.
Four-bedroom properties in the city centre had the biggest fall, down 18%. That is also likely due to the small number of those properties being rented.
The bays, from Mission Bay to St Heliers, Grey Lynn, Pt Chevalier and Remuera all posted 7% year-on-year growth. Ponsonby recorded 9% year-on-year rent growth.
Takapuna two-bedroom properties also showed strong year-on-year rental growth, up 9%.
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