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Unlucky 13 - Auckland weekly rent down on March


The average weekly rent in Auckland fell by $13 during April compared to March, while the average weekly rent stood at $421, according to Barfoot & Thompson.

"The decline from March's all time high of $434 was anticipated, as demand for property normally quietens in April," said Barfoot & Thompson managing director Peter Thompson.

He said April's average weekly rent was achieved across 674 new property rentals, and that at $421, the April average weekly rent was $23 higher than a year ago.

Source: Landlords.co.nz