Thursday, 22 July 2021, 12:21 pm
Auckland’s average weekly rent ticked over the $600
mark in April and finished the second quarter with a June
average of $605, according to data from more than 16,500
rental properties managed by Barfoot &
Thompson.
Director Kiri Barfoot says that the figure
is in keeping with the anticipated annual increase in rents
across the city.
“The year-on-year increases in
average rent have hovered between 2 and 3 per cent each year
for the past several years, with exception of the second and
third quarters of 2020 when the Government-mandated rent
freeze was in place.
“June’s figure represents a
0.3 per cent increase on May’s average – or around $2