Market property rent update.
Our Quarterly Rental Update is now available.
The latest quarter showed the average weekly rent for a home in Auckland reached $642.28 at the end of June, up 3.37 percent or $20.95 on the same time last year.
The change is in keeping with the pace of increases recorded over the previous two years, which ranged between 2.97 and 3.35 percent.
Two very different parts of the city stood out in the data drawn from more than 17,000 rental properties across the region:
the Franklin/rural Manukau area with a 6.59 percent rise in its average weekly rent; and
the City Centre with a 5.86 percent rise.
The Franklin and rural Manukau area has seen higher than typical price increases since mid-2022 and is likely in a cycle of adjusting to increasing demand.
In the City Centre, the apartment market only regained its strength last quarter as workers, students and tourists returned at scale following the pandemic.
The recent influx of workers, students and working holidaymakers to Auckland is putting increasing pressure on an already historically short supply here and we anticipate this will continue for some time.
Poll: Is the increase in disability parking fines fair?
In October, the fine for parking in a designated mobility car park without a permit has jumped from $150 to $750—a 400% increase!
The goal is to keep these spaces open for those who truly need them. Do you think this big increase in the fine is fair? Share your thoughts below.
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89.1% Yes, it's fair
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10.2% No, it's unreasonable
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0.7% Other - I'll share below
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2024 NZ Chinese Food and Culture Festival
Get ready for the 2nd annual New Zealand Chinese Food & Culture Festival happening on November 17, 2024 hosted at the Corbans Estate Arts Centre in West Auckland! This year’s festival is going to be bigger, better, and packed with even more mouthwatering food and vibrant cultural performances. After the huge success of last year’s event, we’re bringing fresh ideas and exciting twists to make this an unforgettable celebration of Chinese food and culture—right here in New Zealand!
Expect a dazzling fusion of flavours, traditions, and local charm as the festival brings together delicious Chinese cuisine and unique cultural showcases. This year's event will feature even more food stalls, a wider variety of performances, and some special guests, including the incredibly talented singer Zhang Mengmeng!
With extensive media coverage and buzz from nearly 20 outlets, it's the perfect chance for foodies and cultural enthusiasts alike to show off their talents, share their love for Chinese culture, and create lasting connections. Whether you're a local or coming from overseas, this festival is all about celebrating diversity, unity, and deliciousness.
So, gather your family and friends, and join us for a day filled with tasty eats, awesome entertainment, and lots of fun! Don’t miss out—come celebrate, savour, and make memories at the New Zealand Chinese Food & Culture Festival!
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