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

Fri, 12 May 2023

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...

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