Auckland hits world No 3 in priciest rentals

Auckland, Singapore and Sydney drive global rentals higher. (Image: Depositphotos)

Thu, 16 Nov 2023

A 13.1% spike in prime residential rentals over the past 12 months propelled Auckland into the top three bracket of the most expensive cities to live on the back of a post-pandemic migrant influx and a lack of rental stock.Average rentals for prime properties in New Zealand's biggest metropolitan area surged 6% over the six months to September, second only to Sydney, which saw a 7.9% year-on-year change, according to the latest report by global realtor and researcher Knight Frank.Singapore, which came in at number two on the Knight Fra...

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