Rent growing faster outside Auckland, Christchurch: Infometrics123RF Rent rises in Auckland are sluggish, despite population pressures. He found the level of rent rises outside Auckland and Christchurch was up on average by 8.7 per cent. Kiernan put the rent rises down to population growth, which was not just confined to Auckland. New landlords were likely to demand higher rents to justify the higher prices they paid, and people were paying them. "And so you run the risk of overbuilding at the same time as population growth eases and interest rates rise."

Source: Stuff February 03, 2017 02:06 UTC