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Auckland – globally expensive rents and not enough places to live

Monday 20th of November 2023

It is only behind Sydney and Tokyo. 

The latest report by global real estate agency Knight Frank shows Auckland rents spiralled up by 13.1% over the 12 months to the end of the September. That is a 5.9% increase from the second to third quarter.

Property Investors Federation vice-president Peter Lewis says he would be surprised if rents had risen that much over that period....

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