With Auckland’s house prices continuing to climb Aucklanders are deciding to move to the regions for more affordable living. Auckland recorded its first ever population decrease in the year to June. Southland and the West Coast were the only other areas that reported a decline.
All other regions have experianced steady population growth which in turn is pushing up house prices. Northland asking rents increased 11.1 per cent over the year to September, according to Trade Me, a rate equalled by Hawke’s Bay and Taranaki.
The increased populations is putting pressure on the housing market, which pushes up rental and house prices.
Wellington currently has the highest median rental prices in New Zealand followed by Auckland, Porirua, Tauranga and Queenstown. Outside of the main centres, Selwyn District, which encompasses Rolleston and Lincoln south of Christchurch City, Napier and Hastings have the highest rental prices.
