Rental squeeze tightens as Auckland CBD prices rise 10%

Kiri Barfoot, a director of Barfoot and Thompson which manages around 16,500 rented Auckland properties, said that last year, rents only rose 3.2 per cent across all categories.

But in this year’s first quarter alone, CBD rents for properties which are mainly apartments jumped 9.69 per cent and rents for two-bedroom places across the entire city are up 4.62 per cent.