Auckland rents

Isaac Davidson at NZ Herald reports:

Auckland tenants are furious some landlords are taking advantage of the housing shortage by raising the weekly rent, sometimes as much as 40 per cent.

But property managers say the practice is rare and the high market rent is driven mostly by tenants who will pay anything for a place to live.

They should blame the politicians who are restricting the supply of land. If demand is growing and the supply is near static, of course prices will keep rising.