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Auckland’s rental hot spots

Tuesday 19th of July 2016

The agency’s latest quarterly rental update showed the average weekly rent for a three bedroom property during the April to June 2016 quarter was $514.

This was an increase of less than 1% on the last quarter, but an increase of 4.8% on the same quarter in 2015.

Barfoot & Thompson director Kiri Barfoot said Auckland’s average weekly rents continue to follow a more tempered trend of year-on-year increases.

This showed that higher Auckland house prices are not flowing through directly into the rental market.

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