Otago Property Investors Association Inc

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16-11-2013

Increased costs mean increased rent - landlords

Landlords say they're not to blame for rising rents.

The Salvation Army says rent increases have made it increasingly unaffordable for people in a low income to survive in Auckland.

Property Investors' Federation director Andrew King says rising rents reflect the increasing cost of running a rental property.

And he says market competition will continue to keep prices in-check.

"You have to take account of the market, if you're $10 too expensive then your tenants will find out and you won't actually get a new tenant if the property isn't priced right."

NewstalkZB Saturday 16th of November 8.25am news

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