All Access. All in one subscription. From $2 per week
Subscribe now

All Access Weekly

From $2 per week
Pay just
$15.75
$2
per week ongoing
Subscribe now
BEST VALUE

All Access Annual

Pay just
$449
$49
per year ongoing
Subscribe now
Learn more
30
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

Auckland's housing ripple effect: Rents soar in regions

NZ Herald
19 Jul, 2016 09:33 PM2 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

It's not so bad in Auckland, but rents nearby the city are going through the roof. Photo / Fiona Goodall
It's not so bad in Auckland, but rents nearby the city are going through the roof. Photo / Fiona Goodall

It's not so bad in Auckland, but rents nearby the city are going through the roof. Photo / Fiona Goodall

Rents are rising fast in regions around Auckland, according to new figures from Trade Me Property, adding more fuel to the theory that our biggest city's overheated property market is increasingly affecting other parts of the country.

The median weekly asking rent in Auckland rose by 3 per cent over the past year, but in Waikato it jumped by 7.5 per cent, Northland by 11.9 per cent and the Bay of Plenty by 16.7 per cent according to the site's rental index.

Trade Me Property head Nigel Jeffries said that while Auckland holds the spotlight in the for-sale market, it was a different picture for rental properties. "The housing market in the City of Sails presents real challenges for first-home buyers as average asking prices broke records again, at $848,100 in June. But things are more manageable on the rental front, with the median weekly asking rent up just $15 a week on a year ago."

ARE YOU STRUGGLING TO FIND A RENTAL? SEND US AN EMAIL

Jeffries said the three regions near Auckland surpassed it in year-on-year growth in median weekly asking rent, indicating Auckland's continued "halo effect" in both the for sale and rental markets.

All Access. All in one subscription. From $2 per week
Subscribe now

All Access Weekly

From $2 per week
Pay just
$15.75
$2
per week ongoing
Subscribe now
BEST VALUE

All Access Annual

Pay just
$449
$49
per year ongoing
Subscribe now
Learn more
30
Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"Rising house prices in Auckland have seen activity in the surrounding regions boom. Tenants in the Bay of Plenty took a $3120 hit to the wallet over the past year, with median weekly rent for a typical property up a whopping 17 per cent on a year ago to $420 a week."

Northland also outpaced Auckland, with a 12 per cent annual increase in median weekly rent, up $10 a week in June to $330, and adding $1800 to the annual bill for tenants.

Other regions seeing increases in median weekly rent included Manawatu/Whanganui, Hawke's Bay, and Otago. Excluding Auckland, the national median weekly rent was up 5.6 per cent per annum to $430 a week.

Jeffries said it had been a decent year for tenants in Christchurch with a consistent downward trend in median weekly rent, but it was a different story for landlords with empty properties.

Advertisement
Advertise with NZME.

"In June, the Garden City entered its 14th consecutive month of rental declines as landlords weathered the economic challenges facing the region. Median weekly rent sat at $400 a week in June, down 9 per cent on last year, and down $50 per week since June 2014."

Save

    Share this article

Latest from Bay of Plenty Times

Sport

'My moment': NZ-born boxer becomes first Māori to be crowned undisputed world champ

12 Jul 03:58 AM
Bay of Plenty Times

Puchner makes history with silver at U23 canoe slalom world titles

12 Jul 03:37 AM
Bay of Plenty Times

One taken to Tauranga Hospital after SH29 crash

12 Jul 02:27 AM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.
Recommended for you
All Blacks put France to sword as Dave Gallaher Trophy returns to New Zealand
All Blacks

All Blacks put France to sword as Dave Gallaher Trophy returns to New Zealand

12 Jul 09:07 AM
All Blacks reclaim Dave Gallaher Trophy with dominant win over France
All Blacks

All Blacks reclaim Dave Gallaher Trophy with dominant win over France

12 Jul 08:53 AM
Lotto: Powerball not struck, one First Division player $1 million richer
New Zealand

Lotto: Powerball not struck, one First Division player $1 million richer

12 Jul 08:04 AM
Wall of water floods Kaiteriteri holday park
New Zealand

Wall of water floods Kaiteriteri holday park

12 Jul 07:55 AM
Landslides, flooding, fallen trees: Nelson-Tasman residents urged to stay home
New Zealand

Landslides, flooding, fallen trees: Nelson-Tasman residents urged to stay home

12 Jul 06:34 AM

Latest from Bay of Plenty Times

'My moment': NZ-born boxer becomes first Māori to be crowned undisputed world champ

'My moment': NZ-born boxer becomes first Māori to be crowned undisputed world champ

12 Jul 03:58 AM

In her debut at Madison Square Garden, the 30-year-old produced a 'total beatdown'.

Puchner makes history with silver at U23 canoe slalom world titles

Puchner makes history with silver at U23 canoe slalom world titles

12 Jul 03:37 AM
One taken to Tauranga Hospital after SH29 crash

One taken to Tauranga Hospital after SH29 crash

12 Jul 02:27 AM
Landslide sparks evacuations, roads closed, homes flooded after storm

Landslide sparks evacuations, roads closed, homes flooded after storm

12 Jul 12:43 AM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

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
All Access. All in one subscription. From $2 per week
Subscribe now

All Access Weekly

From $2 per week
Pay just
$15.75
$2
per week ongoing
Subscribe now
BEST VALUE

All Access Annual

Pay just
$449
$49
per year ongoing
Subscribe now
Learn more
30
TOP
search by queryly Advanced Search