Chris McKeen/Stuff Rents in central Auckland have dropped while those in central Wellington have soared. The prices Hu cites for the Pacifica certainly don’t sound like the kind of ones you would expect during a downturn in the CBD apartment market. Swankier CBD apartment buildings have more owner-occupiers and fewer apartments available to rent so will likely see rents decline by about 10 per cent. Crockers Property Group chief executive ​Helen O’Sullivan says the Auckland CBD rental market is more fluid than others around the country, which means price changes are reflected more quickly. Supplied Crockers Property Group chief executive CEO Helen O’Sullivan says changes in rents flow through unusually quickly in the Auckland CBD market.

Source: Stuff February 27, 2021 16:00 UTC