466 days ago

Market property rent update.

Ravi from Mangere

Our Quarterly Rental Update is now available.
The latest quarter showed the average weekly rent for a home in Auckland reached $642.28 at the end of June, up 3.37 percent or $20.95 on the same time last year.

The change is in keeping with the pace of increases recorded over the previous two years, which ranged between 2.97 and 3.35 percent.

Two very different parts of the city stood out in the data drawn from more than 17,000 rental properties across the region:

the Franklin/rural Manukau area with a 6.59 percent rise in its average weekly rent; and
the City Centre with a 5.86 percent rise.
The Franklin and rural Manukau area has seen higher than typical price increases since mid-2022 and is likely in a cycle of adjusting to increasing demand.

In the City Centre, the apartment market only regained its strength last quarter as workers, students and tourists returned at scale following the pandemic.

The recent influx of workers, students and working holidaymakers to Auckland is putting increasing pressure on an already historically short supply here and we anticipate this will continue for some time.

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More messages from your neighbours
2 days ago

Poll: How should Guy Fawkes be celebrated?

The Team from Neighbourly.co.nz

While it is a fun occasion, fireworks on Guy Fawkes Night has caused much conflict over the years, upsetting our pets and disrupting the sleep of neighbours.

How should we celebrate Guy Fawkes Night? Vote in our poll and share your thoughts below.

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How should Guy Fawkes be celebrated?
  • 28.6% With a city-wide public fireworks display
    28.6% Complete
  • 19.7% Small fireworks displays in each community
    19.7% Complete
  • 8.1% Keep it as is
    8.1% Complete
  • 32.9% We shouldn't celebrate it!
    32.9% Complete
  • 10.4% Anything but fireworks
    10.4% Complete
  • 0.4% Other - I'll share below
    0.4% Complete
2273 votes
13 hours ago

Brain Burn Alert! Today’s Riddle Will Make You Think Twice!

Riddler from The Neighbourly Riddler

What is seen in the middle of March and April that can't be seen at the beginning or end of either month?

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.

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20 days ago

What's your favourite recipe for gooseberry?

Mei Leng Wong Reporter from NZ Gardener & Get Growing

Love gooseberries? Share your favourite way to enjoy them. We're looking for our readers' favourite family recipes for this delicious crop. Send yours to mailbox@nzgardener.co.nz, and if we use it in the magazine, you will receive a free copy of our December 2024 issue.

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