ONE NEWS Price, competition, puts heat on Auckland rents

31a09b8e4f655ce06d661c85119795f7a4aa9f7d

Auckland rent prices are soaring and competition for securing a home is tough.  Director Alan Henderson says rent prices are climbing year by year, and was asked to comment on this topic recently for TVNZ One News.

“Rents are steadily increasing and we’re seeing rents climb by 10 percent per annum.” The average price for a three bedroom house in Te Atatu in January 2012 was $365 a week.

Click here to view the footage on One News