Big rent rise for apartments in Auckland central

Big rent rise for apartments in Auckland central
Rents for apartments in Auckland central are rising thanks to increased demand and tightening supply. (Image: BusinessDesk)
Dileepa Fonseka
Rents for Auckland central apartments have gone up for the first time in several years, according to data provided by Barfoot & Thompson.The Auckland property management and real estate firm released its quarterly data on Friday morning, which showed average rents in Auckland central had risen 3.46% in a year to $526.09.Barfoot & Thompson general manager for property management Samantha Arnold said average weekly rent paid in March was also the highest recorded in Auckland central, above the previous peak set in September 2019.“Th...

More Property

‘Cowboys’ the reason for building consent delays
Property

‘Cowboys’ the reason for building consent delays

Building inspectors hit back at Minister Penk’s claims they are holding up consents.

Fletcher Building’s Clever Core prefab house-building factory to shut
Property

Fletcher Building’s Clever Core prefab house-building factory to shut

Fletcher Building’s much-vaunted Clever Core prefab house-building factory at Wiri in South Auckland will close next year and be replaced by a PlaceMakers frame and truss plant.A spokeswoman said Clever Core had not worked out and would close by June 30.“Fletcher Building has mad...

Staff reporters 31 Mar 2025
Graeme Hart lends to twice-bankrupted builder
Property

Graeme Hart lends to twice-bankrupted builder

The owner of failed developer Buildform is a Hart family friend.

Maria Slade 31 Mar 2025
Developers make unsolicited bids for prime Chch rebuild site
Policy

Developers make unsolicited bids for prime Chch rebuild site

Crown Infrastructure Delivery is weighing up options for the massive site.

Oliver Lewis 28 Mar 2025