Good tenants hard to find

Choice and bargaining power for tenants

However, in Auckland, the country’s biggest rental market, rents remained stagnant for the fourth month in a row at $600 a week. This is an increase of just 1% year-on-year.  

Up until a couple of months ago the rental market was definitely in the landlords’ sphere but with an oversupply of rentals, landlords are finding it difficult to attract good tenants.

The number of rental listings across the country jumped by 13% in July, with a couple of spots around the country seeing massive year-on-year increases consistently, TradeMe data shows.