PHOTO: Auckland. FILE
- Auckland has surged to the third position in the global rankings for the most expensive rental markets, experiencing a 13.1% spike in prime rental prices. The city’s limited rental stock is contributing to the high costs, making it one of the costliest places to rent globally[1][3].
- Auckland’s real estate market is booming, with a 20% increase in sales, contributing to the overall housing dynamics. The market’s resurgence is playing a role in the heightened demand and subsequently soaring rental prices[2].
- The most expensive rental property in Auckland is listed at $4850 per week, underlining the premium nature of the city’s rental market[4].
- Trade Me Property reveals that Auckland’s North Shore, Porirua, and Manukau are currently the most expensive districts to rent in New Zealand, reinforcing the city’s high rental costs[5][6].
Million dollar SALES make up more than half Auckland property market | REPORT
???? Sources
- businessdesk.co.nz – Auckland hits world No 3 in priciest rentals
- businessdesk.co.nz – Auckland housing helps drive market, sales up 20%
- nzherald.co.nz – Negotiations continue, weather warning, Auckland’s high rent ranking
- stuff.co.nz – Auckland’s most expensive rental – with no pets allowed
- 1news.co.nz – Trade Me Property reveals the most expensive places to rent in
- scoop.co.nz – Revealed: The Most Expensive Districts To Rent In Aotearoa