Auckland hits world No 3 in priciest rentals

Auckland hits world No 3 in priciest rentals
Auckland, Singapore and Sydney drive global rentals higher. (Image: Depositphotos)
Brent Melville
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...

More Property

Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Private building consent body offers competition
Property

Private building consent body offers competition

The country's first independent consenting authority is targeting group builders.

Stuff/TradeMe go head to head with NZME
Property

Stuff/TradeMe go head to head with NZME

The marriage of online advertising portals with news producers continues.

Pattrick Smellie 03 Jun 2025
Argosy signals succession plan
Property

Argosy signals succession plan

Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...

Gregor Thompson 03 Jun 2025