Bay of Plenty Times
  • Bay of Plenty Times home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Sport
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Sport

Locations

  • Coromandel & Hauraki
  • Katikati
  • Tauranga
  • Mount Maunganui
  • Pāpāmoa
  • Te Puke
  • Whakatāne
  • Rotorua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Thames
  • Tauranga
  • Whakatāne
  • Rotorua

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Bay of Plenty Times

Average rent close to $300pw

By Cassandra Mason and Amy McGillivray
Bay of Plenty Times·
16 Jun, 2014 08:19 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Anna and her partner William have been looking for a rental in Papamoa. Anna is pictured with 20-month-old daughter Shykia. Photo/George Novak

Anna and her partner William have been looking for a rental in Papamoa. Anna is pictured with 20-month-old daughter Shykia. Photo/George Novak

Rents are on the rise in the Western Bay of Plenty hitting tenants in the pocket, but providing relief for landlords faced with trying to cover their increasing costs.

Data released from the Ministry of Business, Innovation and Employment shows the average weekly rent in the Western Bay, including Tauranga, rose 2.4 per cent to almost $298 for the three months to April, compared with the same time last year.

The number of new bonds lodged in the region jumped 29 per cent to 1502 year-on-year, with a total of 15,653 active bonds as of April 30.

Tauranga Rentals owner Dan Lusby said rent had increased for homes of all sizes throughout Tauranga last month.

"For May this year compared to May last year there was about a 7 per cent increase in rents. It's been static for a long time - probably the three years before that we weren't seeing anything at all," he said. "I think the Auckland influence helps. We have a lot more people heading out of Auckland, coming to Tauranga."

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Many of those people were renting while they had a new home built, Mr Lusby said.

The recent rent increases came as a relief to some landlords who had struggled to cover increasing rates bills and interest rates for the last few years despite his effort to increase rents at least once a year to keep up with the market rates, Mr Lusby said.

Properties were being rented out within a reasonable time but there remained plenty of rental properties available to be tenanted, he said.

Advertisement
Advertise with NZME.

"We've let more, but we have enough supply for more. There's just over 300 available on TradeMe. Last winter we got up to almost 600. There's a lot less available, but they are turning over better," Mr Lusby said.

Be Home Realty Bay of Plenty property manager Josh Fitzgibbon said local rents had increased by about $20 "across the board" in the past year.

"A lot of people out there are in a good rental so they would prefer to stay where they are rather than go out there [and] pay more for possibly less and compete with a dozen other people who want the same property and are in the same position."

Last week's interest rates hike would load a lot more costs on to property owners, usually recouped through raised rents when there was a change of tenants, Mr Fitzgibbon said.

Discover more

Student tours a niche market for Bay firm

20 Jun 01:00 AM

"In some instances we're increasing the rent by $30 to $40 a week and we're not having a problem in renting."

Anna and her partner William have been looking for a rental property in Papamoa for them and their 20-month-old daughter Shykia for about a month with no success.

"We've had about two declines. I'm looking every day," Anna said.

The couple were looking for a three-bedroom house in Papamoa or Bayfair and could pay up to $310 per week.

Having pets made it more difficult to find a house, she said.

Save

    Share this article

Latest from Bay of Plenty Times

Bay of Plenty Times

Zespri teams up with Dame Lisa Carrington

01 Jul 03:30 AM
Bay of Plenty Times

Pedestrian hit by car in Tauranga

01 Jul 12:10 AM
Bay of Plenty Times

Compliance concern: Growers oppose proposed geothermal water regulations

01 Jul 12:00 AM

There’s more to Hawai‘i than beaches and buffets – here’s how to see it differently

sponsored
Advertisement
Advertise with NZME.

Latest from Bay of Plenty Times

Zespri teams up with Dame Lisa Carrington

Zespri teams up with Dame Lisa Carrington

01 Jul 03:30 AM

Bay of Plenty-born Carrington calls Zespri role a great way to “connect back with home”.

Pedestrian hit by car in Tauranga

Pedestrian hit by car in Tauranga

01 Jul 12:10 AM
Compliance concern: Growers oppose proposed geothermal water regulations

Compliance concern: Growers oppose proposed geothermal water regulations

01 Jul 12:00 AM
Fresh weather warnings issued for BoP

Fresh weather warnings issued for BoP

30 Jun 11:29 PM
From early mornings to easy living
sponsored

From early mornings to easy living

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Bay of Plenty Times e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Bay of Plenty Times
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Bay of Plenty Times
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP