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Staying put in a rental can save you up to $110 per week, research finds

Supplied Researcher Alan Bentley said his research gave him a new appreciation of how moving could impact renters’ finances. Bentley wrote in his paper, Sticky Rents and The Affordability of Rentals for Housing in New Zealand, that this implied a typical sitting tenant could face a $70 per week rent increase if their circumstances changed and they had to pay contemporary market rent. “Alternatively, this can be thought of as a typical $70 per week mobility premium that a tenant may face to change landlord or location,” the report read. Bentley said the numbers did not surprise him but doing the calculations brought home that many tenants faced a risk of increased rents when their tenancies ended.

Business Scoop » June Sees New Zealand Rents Take Off Again

Business Scoop » June Sees New Zealand Rents Take Off Again
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