Rental prices dropping, says real estate company

Rental prices are dropping as cash-strapped tenants downsize, crowd in with flatmates, or shift back home.

First National Real Estate says there is an oversupply of rental properties nationwide, reducing rent prices by an average of 3.5 per cent across the country. Its quarterly survey shows there is plenty of accommodation available, but not all of it is desirable.

To read the full NZ Herald story click here

Posted: 23 Jul 2009

News articles