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Miriam Bell
Miriam Bell
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Political support for longer term leases

Wednesday 12th of July 2017

Barfoot & Thompson City branch manager Sandra Forrester told an Auckland Property Investor Association pre-election meeting on Tuesday that a growing number of tenants want longer term leases.

The latest Barfoot & Thompson latest rental data shows there has been a decline in the number of bonds being lodged in Auckland, despite more people renting.

This indicates that people are staying in rentals for longer.

Further, the data shows that the average tenancy has now increased to two years from 18 months.

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