Auckland reclaims top spot as most expensive place to rent
Auckland has reclaimed the top spot as the country's most expensive place to rent after the Bay of Plenty overtook Tāmaki Makaurau in December, according to Trade Me's latest rental price index.
Trade Me's Gavin Lloyd said: "Average median rent in Auckland went up by 3 per cent compared to last month, reaching a high of $680 per week whilst the Bay of Plenty market dropped by 3 per cent to $650 per week.
"The increase in Tāmaki Makaurau was driven by the North Shore City which recorded an uptick of 4.2 per cent to $720 a week and Waitakere City which is up 2.3 per cent to $665 a week."
The data also showed New Zealand rental prices overall have increased for the second month in a row.
The national median weekly rent in New Zealand has jumped to $630 for the month of January, up 0.8% compared to December last year.
Lloyd said the first month of 2024 could be a "telling sign" of the year ahead.
"Renters were for the most part sheltered from any major price increases for rental properties at the end of 2023 but this may change if the Reserve Bank decides to raise the official cash rate next week in their first meeting of the year.
“As borrowing costs rise, landlords may face increased expenses, and some could pass on these costs to tenants through higher rents.
"This change might make it a bit tougher for renters with the rising cost of living and lack of properties available giving them fewer options when searching for a property," Lloyd said.
Southland retains its status as the most affordable place to rent in New Zealand, with a median price of $450 per week, a slight increase of $10 from December.
The report also included rent for townhouses and apartments, which have climbed to "record highs".
The median weekly rent for an apartment in New Zealand peaked at $560 per week in January and townhouses reached $665 per week.
In Auckland specifically, townhouses also reached an all time high of $730, up 5% compared to the same time last year. Units in Christchurch also saw a jump, up 12.5%, making the median rent $450.
"As net migration is almost at an all time high more people are coming into the country looking for entry level rentals like apartments and townhouses — especially as they are more prevalent in our city centres.
"This increase in demand is likely putting pressure on the supply and impacting prices," Lloyd said.
===============================================
www.1news.co.nz...
===============================================
Unlock the Answer: Today’s Riddle is Trickier Than You Think!
What English word retains the same pronunciation, even after you take away four of its five letters?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Poll: Is it rude to talk on the phone on a bus?
Buses can be a relaxing way to get home if you have a seat and enough space. However, it can be off-putting when someone is taking a phone call next to you.
Do you think it's inconsiderate for people to have lengthy phone calls on a bus? Vote in the poll, and add your comments below.
-
64.2% Yes
-
33.2% No
-
2.6% Other - I'll share below
Tips on Accelerating Your Comfort Level with a New Mattress
Getting started on the quest for the perfect night’s sleep with a new mattress can be exciting, but it often requires a period of adjustment.
If you've recently invested in a new mattress and are wondering about the time frame for adjustment, you're not alone.
Understanding the typical adjustment period can greatly improve your sleep health and ensure you get the most comfort out of your new bed.
The Personal Touch: Individual Variation in Adjustment
When it comes to adapting to a new mattress, there's no one-size-fits-all answer.
The mattress adjustment period can vary significantly depending on a number of personal factors.
Age, health, and even your usual sleep position can influence how quickly you adjust.
Generally, most people take anywhere from a few days up to a month to fully adapt to their new sleeping environment.
During this time, your body is acclimating to the support and feel of the mattress, which may differ significantly from your old one.
Understanding Mattress Types and Their Impact
The type of mattress you choose also plays a crucial role in your adjustment period.
Memory foam, for instance, may require a longer adjustment period as it contours more significantly to your body compared to a traditional spring mattress.
On the other hand, hybrid mattresses—a combination of foam and springs—offer a balance of support and cushioning, which might ease the adaptation process.
Tips for a Smoother Transition
Adapting to your new mattress is not just about waiting it out; there are active steps you can take to make the process smoother:
Maintain a consistent sleep schedule. Going to bed and waking up at the same time every day sets your body’s internal clock, which can help reduce the adjustment time.
Create a comfortable sleep environment. Ensure your bedroom is conducive to sleep—consider factors like temperature, light, and noise.
Give it time. Even if your new mattress feels different or not quite right initially, give it a few weeks, as initial discomfort is common.
Exploring more about how to enhance your sleep environment for a comfortable sleep, you can check out Beds4U Bedding.
Recognizing the Signs of Successful Adjustment
How do you know if you're well-adjusted to your new mattress?
Look for positive changes in your sleep quality and health.
You should experience less tossing and turning, fewer awakenings through the night, and reduced morning stiffness or soreness.
Increased sleep quality and waking up feeling rested are clear indicators that your body has adapted to the new mattress.
Comfort with Confidence
Adjusting to a new mattress is a unique experience that varies from person to person.
By understanding your needs and the characteristics of different mattress types, along with employing tips to aid the transition, you can enhance your sleep quality significantly.
Remember, a good night's sleep is crucial for your overall health and well-being.
At Beds4U, we are committed to helping you find that perfect sleep solution.
With a wide range of high-quality mattresses and a knowledgeable team eager to assist, finding your ideal comfort is just a visit away.
Explore our latest collections and sales at Beds4U and start enjoying a more comfortable sleep tonight.
Loading…
