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

Property manager Haven Living in liquidation
Property

Property manager Haven Living in liquidation

It was the second attempt to wind up the firm, following an earlier $1.5m deal with IRD.

Maria Slade 14 Mar 2025
JLL consulting to close two of three offices, sources say
Property

JLL consulting to close two of three offices, sources say

Commercial property company acknowledges the process but won't give details.

Gregor Thompson 14 Mar 2025
Underwriters left with $161m of Ryman stock
Property

Underwriters left with $161m of Ryman stock

Retail investors took up 42% of the shares offered to them in the capital raise.

Gregor Thompson 13 Mar 2025
Malaysian developer launches apartments, eyes opportunities
Infrastructure

Malaysian developer launches apartments, eyes opportunities

Christopher Luxon personally asked MRCB to attend investment summit.

Oliver Lewis 13 Mar 2025