News

Unexpected fall in rents

Monday 23rd of June 2008

However, on an annual basis, rents were still 5.36% higher than in May last year.He says the decreases appear to have happened mainly in the South Island.

At this stage it is unclear why there has been a fall. Hargreaves suggests two possible factors; A compositional issue (eg: increased numbers of multiple bonds for the same property), or an increased supply of rental propert...

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