485 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
6 days ago

Poll: When should the tree go up? 🎄

The Team from Neighbourly.co.nz

From what we've heard, some Christmas trees are already being assembled and decorated.

What are your thoughts on the best time to get your Christmas tree up?

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When should the tree go up? 🎄
  • 4.7% Second half of November
    4.7% Complete
  • 43.4% 1st December
    43.4% Complete
  • 17.6% A week before Christmas
    17.6% Complete
  • 33.2% Whenever you wish
    33.2% Complete
  • 1.1% Other - I'll share below
    1.1% Complete
2547 votes
2 days ago

Poll: Should all neighbours have to contribute to improvements?

The Team from Neighbourly.co.nz

An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.

When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?

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Should all neighbours have to contribute to improvements?
  • 82.9% Yes
    82.9% Complete
  • 14.3% No
    14.3% Complete
  • 2.8% Other - I'll share below
    2.8% Complete
1368 votes
5 days ago

What's your favourite tomato recipe?

Mei Leng Wong Reporter from NZ Gardener & Get Growing

Kia ora neighbours. We know your tomato plants are still growing, but we're looking ahead to the harvest already! If you've got a family recipe for tomatoes, we'd love to see it and maybe publish it in our magazine to share with our readers. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our February 2025 issue.

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