Auckland rental growth eased to 4.81% in September 2024, marking the first dip below 5% this year.
Auckland's rental growth has eased, with the annual increase falling to 4.81% in September 2024, marking the first dip below 5% this year. The average weekly rent reached $685.47, up $31.44 from the previous year. Contributing factors include renters delaying moves for budget management and a decline in migration gains, alongside landlords maintaining steady tenancies. This trend suggests a potential easing in the rental market's pressures.
October 11, 2024
6 Articles