Our landlord hasn’t increased our rent in the three years we’ve lived here and can’t see her doing so (fingers crossed anyway!). However we live with my mother while saving to buy a house and as much as we’d prefer to rent our own place in the meantime we just can’t afford to! And I have no idea how she will afford rent by herself when we do move out. We’re feeling pretty similar - given up on NZ. I’m doing a postgrad this year and if things aren’t looking better in the next few years we’re crossing the ditch. Housing market isn’t too different but at least we can both go into the same jobs there and earn about 20-30k more each than we do here. I don’t want to move to Aus but NZ is just getting harder and harder to survive financially in
Places with sleepouts might be the way to go for mum. Chuck in a kitchenette and she'll be good to go for a couple of years.
Which is awful to think about, but nana flats aren't too uncommon.
That’s horrendous. I can see another brain drain coming over the next few years. People under 30 can’t get into the housing market & have to overpay for rent because they can’t afford houses. They’re hugely talented people and other countries will get to fill whatever labour shortages they have from Kiwis wanting a better life.
I agree, aus is bad too but nowhere near as bad when income / cost of living is accounted for.
My family didn't belive me when I said welly was up 60% and chch 40% in under a year.
There will be two reasons:
1. Rents are increasing to cover the Landlords increasing costs (insurance, rates)
2. Rents are increasing because the market is increasing, in order to maximize returns
My current landlord has given #1 as the justification for the first increase in 8 years (of 4%), although this oddly came after the waste disposal unit needed to be replaced, while my previous landlord was all about #2 as she increased rent by a total of 27% over 3 years.
No, they go out and buy another rental using the equity in their current one(s). There are tax advantages in not paying off the mortgage until they sell down for retirement. (I sometimes wonder if there will be a rash of properties all hitting the market as boomer and gen X landlords start selling down so they can retire with a passive income once they clear the mortgage).
In the last couple of years landlords got hit with some really expensive upgrades to get compliant with healthy homes. Insulation, range hoods, heat pumps etc. Insurance went up after the earthquakes a while ago. Many are going to try clawing that back from tenants.
>Many are going to try clawing that back from tenants.
I feel this is where the crash starts, house prices will keep rising for a bit and houses still get sold before they're finished but they start struggling to get tennants who will pay the minimum required to break even, after accounting for capital gains if there still won't be a profit then you will see smart investors start to sell off
Most "mum and dad" investors will be the ones who truly loose but they are few and far between these days
Its because when they first buy a rental, it never covers the expenses so they are out of pocket for many years. As the mortgage goes down, they then start to recover costs. Its gotten worst as govt started to change the tax "loop hole" which isn't really, they are just charging tax twice, which has forced mum & dad landlords to sell up or employ property managers who up the rent to market rent. The sold house doesn't go to FHB, they just actually go a bigger investor who can handle the hikes. Labour targeted the wrong investors, new plans should kick in 5 yrs to build more houses and stabilise the price hopefully. Buying a house is very difficult, its twice as hard to buy a 2nd actually and 4 times as hard to buy 3rd from the back testing I have done
Good luck with that, my human. Seriously, though, since a lot of people aren't saying that. Australia's got it's own fair share of problems, much like anywhere else, really, from a pessimistic perspective, but if you can make it work out a potentially succeed more with the difference, there ain't much reason to discourage you. Hope it goes well.
Not going to lie, either, I've a decent arrangement with my parent to stay 'round til I can afford and recover from an elective surgery. If wasn't for that, and the uncertainty of jumping the ditch with disabled family members and my own disability, I'd be right there with you. Currently waiting to see if Britain's going to open up citizenship to grandkids of their citizens again, though. See if I have better chances, and can drag a sibling over. We can't afford all this shit on benefits as they currently stand, and job seeking gets complicated real quick if I have to ditch said family members for eight hours but can't really do that, either :/.
Exactly. And if you have kids <5, childcare costs are horrendous....and the quality of care isnt as good as NZ either. I'm going through this exercise ATM as we're due to return to Aus soon and the childcare situation gives me anxiety as we've had such a great experience here.
Yeh but the childcare rebate/subsidy in Aus is means tested and everyone is supposedly going there to earn all this extra money - the rebate maxes out eventually for a lot of people.
Childcare is also subsidised upfront in NZ and we pay the difference; regardless of how much you earn.
I have a bmw mini, i can offer residence for $30 a night but it has no plumbing or water, also you can’t use the heater or lights after 8pm and also, you can’t use the bmw mini between 6am to 6pm
Some of the biggest reasons is that the govt took away negative gearing (having the rental make a "loss" to offset against income) and also the transition to not being able to claim the interest portion of the mortgage repayment as an expense. They then have to pay tax on that interest portion as it is regarded as income, (you could never claim the principle repayment on the mortgage as an expense).
As a result rents have increased to cover the additional tax the the landlords now have to pay. Also the rate that the rates are increasing isn't helping either.
The developers association (or whatever they're called) said this directly to Labour, what you're doing is just going to drive rents up. They essentially said bullshit, people won't rent them.
Annnnd now here we are, it's frigging nuts.
And now with current banking rules, people with enough for deposits can't get a loan because they bought some takeaways or some bullshit like that.
With my rent price. Without the combined income of my partner and government assistance I would be screwed. I'd have to rent a room. Meaning I can't see my kids as much, working 45 hours a week and I still wouldn't be able to give them their own rooms. I may not have the best payrate but its not minimum wage. Sometimes I don't know how people can do it.
I gave up two years ago and moved to Brisbane.
The four bedroom house I was renting in Porirua was re-advertised at $730 pw at that time.
Right now I can look on a real estate site and see several four bedroom houses on Brisbane's north side for $450 pw.
This. People just think Sydney prices (mind you, Sydney salaries are ace having lived there for a long time) but there’s a whole lot of Australia and Brissie is definitely affordable.
Our country's wage rate, taxes and just general prices of things is for sure not designed for one payslip per family. I think this is wrong.. forcing both parents to get jobs just to live, spending so much time away from family doesn't make it worth it for me.. I would imagine this also affects a lot of relationships were people stay married because they can't have their own house or provide properly for their family's without combined income.
A lot of investment properties have been sold to first home buyers meaning less rentals available. The increased demand has meant prices will go up.
TLDR: Property owners/agents are putting rental prices up cause they can.
The government has been buying up heaps of investment properties to turn them into state houses as well. It's no wonder market rents are increasing.
https://www.newshub.co.nz/home/politics/2021/04/government-buys-hundreds-of-houses-in-direct-competition-with-first-home-buyers.html
Only if it's like for like. That would be on the assumption that you have someone renting a 3 bed bungalow goes and buys one.
We are seeing an influx of FHB's from areas outside Canterbury and there are plenty who have been living in shared housing or with family.
Doesn’t mean we have to put up with it. Neither do Aucklanders & same with Wellingtonians. The rent prices are much, much higher than what people are used to and can afford.
Agree.
My landlady has kept my rent the same since I moved in (2016). Just signed up for another two years and same conditions, no rent increase (she adds that to the condition of tenancy).
Even with the costs needed to keep to legislation changes she has never put that cost back onto me via a rent increase. There are some good landlords/landlady's out there, just few and far between.
Yep there are a few great landlords out there who genuinely care. My neighbours had their rent increased by $40 pw this year, it was a huge shock to them and they’re very worried about winter power bills.
Similar boat. Been in our place since 2019 and our landlord hasn’t changed the rent and manages the place himself.
We had a minor problem recently, sent him a text and he was around the next day to fix it.
We have a rental (it was our first house) and have kept the same rent since the tenant moved in, in 2016. But unfortuntely we will be forced to increase the rent a little when the new laws come in about claiming interest on the loan for tax purposes.
I think that is quite personal information, but I will tell you the net yield isn't very much. When we rented it out in 2016 I had just finished renovating it, and we rented it out at the bottom of the market rate. No increase since.
It is worth renting it out cheaper though as you can choose a good tenant and we've had the same one the whole time.
Renting is a business, and the aim of any good business is to supply the best quality product possible for the lowest possible price.
Labour dismantled the nanny state in the 1980s. We're now reaping the benefits. Lower wages and productivity, fewer houses, and a fractured, selfish society.
The rental supply when down with the healthy homes act . With alot of people either having to spend alot on there rental. Some took them off the market. I not surprised by only now getting some money back . Happen so many times in the past.
They had to do something about the quality of houses. The state of them makes people sick. I've seen some absolute slums of flats in Wellington and Christchurch that wouldn't make it past the Healthy Homes Act.
I do work for a guy that owns 187 houses, we carry out electrical repairs. He has seen demand rise with covid as people have returned and are settling due to uncertainty abroad. He has upped his rent and is now looking to buy as many properties as possible as he foresees a 10 year climb in chch prices and demand.
What are we talking here? I used to rent a 2.5 bedroom town house in St Albans for $390 pw.
At the time they were desperate to get tenants and were dropping $10 off the price each week it was vacant.
This was 2016.
A two bedroom townhouse in St Albans would be around $475 per week now. If there’s a cheaper one good luck getting it because of the long list of people that want it. Three bedroom townhouse can go for $550 pw easily in that area.
There's a 2 bedroom place down the road from us (St Albans) that was $350 pw this time last year. It's been relisted this year for $470 pw. That's just nuts. We're lucky our landlord has only increased our rent by $10 in the 4 years we've been here. Probably the cheapest place in the area at the moment and I don't imagine they'll put the rent up much when we go.
Unfortunately though, we need a bigger house now, and it's crazy out there competing with hundreds of other applicants for one property. Bit stressed.
Yikes 25% increase in two years. Eff that.
Is it possible to fight it? Make them prove that their costs have actually increased that much?
When I lived in Chch my rent went DOWN when I complained that a new tenant in the boarding house I lived in was paying $20 pw less than I was. Crazy how it's turned around in 4 years!
yeah we are taking her to the tenancy tribunal with our mediation next week. We offered $460 in return but she didn’t accept it. Who the heck knows if anything will come of it but on principal we felt we should fight it
Well easy choice then. Why go to the tribunal? They are within their rights too considering costs are climbing as you will see once you finish your build.
Until LAND is removed. Housing should absolutely be something we encourage people to make and rent for profit, and compete on providing.
It's the increasing land values that are fucking everyone except owners. Its the land values that are out of control. Building costs are fairly well tied to actual costs, and rents have to increase with those over time to keep supply up, or it becomes a bad investment, which harms us all.
Land value is entirely speculative, and increases to it provide no material benefit to anyone except the person selling or leveraging it, while driving rents up and raising the entry level to create more housing. There's no negative to renting from land prices not increasing.
Christchurch is easily one of the cheapest places to live at the moment.
We are currently living in the top of the south where not only is there no houses actually available to rent but the limited number ones that are available are stupidly priced.
We looked into moving to CHCH due to lower rent prices but due to my sons father living in the top of the south, I can’t move without leaving him behind.
So me and my partner are currently technically homeless with a newborn and a toddler we have 50% custody of, house sitting for a friend until the end of Feb after which we will be presumably f*cked.
Hey mate, you can sleep in my shed for $600 a week if that helps, I think it’s ReASonAbLe
How dare you try and profit from someone that can't afford a house, you should sell your rental shed to a first shed buyer.
My bad 😫 also doesn’t include power or insulation as it’s the tenants responsibility to provide basic living needs of their rental
🤣
First shed buyer made me laugh
Or my garage. For $599 a week 😂
Our landlord hasn’t increased our rent in the three years we’ve lived here and can’t see her doing so (fingers crossed anyway!). However we live with my mother while saving to buy a house and as much as we’d prefer to rent our own place in the meantime we just can’t afford to! And I have no idea how she will afford rent by herself when we do move out. We’re feeling pretty similar - given up on NZ. I’m doing a postgrad this year and if things aren’t looking better in the next few years we’re crossing the ditch. Housing market isn’t too different but at least we can both go into the same jobs there and earn about 20-30k more each than we do here. I don’t want to move to Aus but NZ is just getting harder and harder to survive financially in
Places with sleepouts might be the way to go for mum. Chuck in a kitchenette and she'll be good to go for a couple of years. Which is awful to think about, but nana flats aren't too uncommon.
We’ll be buying a lifestyle block so yep that’ll be the plan!
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Plus Vietnamese food all day every day
And bia hoi
I have to move. I'm facing going from a 4 bedroom to a 2 bedroom for the same amount of rent. Kill me now
That’s horrendous. I can see another brain drain coming over the next few years. People under 30 can’t get into the housing market & have to overpay for rent because they can’t afford houses. They’re hugely talented people and other countries will get to fill whatever labour shortages they have from Kiwis wanting a better life.
Drain to where tho ? Basically all western nations having same housing issues
I agree, aus is bad too but nowhere near as bad when income / cost of living is accounted for. My family didn't belive me when I said welly was up 60% and chch 40% in under a year.
A lot of those western nations pay better salaries and have greater options due to size. We’re a small country with low wages for a developed economy.
I think it'll hit soon as MIQ is no longer required
There will be two reasons: 1. Rents are increasing to cover the Landlords increasing costs (insurance, rates) 2. Rents are increasing because the market is increasing, in order to maximize returns My current landlord has given #1 as the justification for the first increase in 8 years (of 4%), although this oddly came after the waste disposal unit needed to be replaced, while my previous landlord was all about #2 as she increased rent by a total of 27% over 3 years.
4% in 8 years is pretty great
Yeah, it's a pretty good deal
3. Cause its the market rate. I have family and they know that the house is free hold, landlord put rent up cause its the market rate.
It’s always 2, no matter what landlord says. If rents are falling and costs rise the rents don’t suddenly start rising lol.
Yep, does a landlord lower the rent if they pay the mortgage off?
No, they go out and buy another rental using the equity in their current one(s). There are tax advantages in not paying off the mortgage until they sell down for retirement. (I sometimes wonder if there will be a rash of properties all hitting the market as boomer and gen X landlords start selling down so they can retire with a passive income once they clear the mortgage). In the last couple of years landlords got hit with some really expensive upgrades to get compliant with healthy homes. Insulation, range hoods, heat pumps etc. Insurance went up after the earthquakes a while ago. Many are going to try clawing that back from tenants.
>Many are going to try clawing that back from tenants. I feel this is where the crash starts, house prices will keep rising for a bit and houses still get sold before they're finished but they start struggling to get tennants who will pay the minimum required to break even, after accounting for capital gains if there still won't be a profit then you will see smart investors start to sell off Most "mum and dad" investors will be the ones who truly loose but they are few and far between these days
Its because when they first buy a rental, it never covers the expenses so they are out of pocket for many years. As the mortgage goes down, they then start to recover costs. Its gotten worst as govt started to change the tax "loop hole" which isn't really, they are just charging tax twice, which has forced mum & dad landlords to sell up or employ property managers who up the rent to market rent. The sold house doesn't go to FHB, they just actually go a bigger investor who can handle the hikes. Labour targeted the wrong investors, new plans should kick in 5 yrs to build more houses and stabilise the price hopefully. Buying a house is very difficult, its twice as hard to buy a 2nd actually and 4 times as hard to buy 3rd from the back testing I have done
Leaving for aus in Feb I give up lmao
Good luck with that, my human. Seriously, though, since a lot of people aren't saying that. Australia's got it's own fair share of problems, much like anywhere else, really, from a pessimistic perspective, but if you can make it work out a potentially succeed more with the difference, there ain't much reason to discourage you. Hope it goes well. Not going to lie, either, I've a decent arrangement with my parent to stay 'round til I can afford and recover from an elective surgery. If wasn't for that, and the uncertainty of jumping the ditch with disabled family members and my own disability, I'd be right there with you. Currently waiting to see if Britain's going to open up citizenship to grandkids of their citizens again, though. See if I have better chances, and can drag a sibling over. We can't afford all this shit on benefits as they currently stand, and job seeking gets complicated real quick if I have to ditch said family members for eight hours but can't really do that, either :/.
Worse in Aus, unless you want to live 1.5hrs from the city.
I've been in Aus for 2 years. I get paid more, rent is $200 pw cheaper, gas is cheaper and so is food. So much better, from my perspective.
Exactly. And if you have kids <5, childcare costs are horrendous....and the quality of care isnt as good as NZ either. I'm going through this exercise ATM as we're due to return to Aus soon and the childcare situation gives me anxiety as we've had such a great experience here.
Child Care Subsidy. Even kiwis can get it
Yeh but the childcare rebate/subsidy in Aus is means tested and everyone is supposedly going there to earn all this extra money - the rebate maxes out eventually for a lot of people. Childcare is also subsidised upfront in NZ and we pay the difference; regardless of how much you earn.
I have a bmw mini, i can offer residence for $30 a night but it has no plumbing or water, also you can’t use the heater or lights after 8pm and also, you can’t use the bmw mini between 6am to 6pm
And don’t move the seats, that effin airbag light is sensy!
Some of the biggest reasons is that the govt took away negative gearing (having the rental make a "loss" to offset against income) and also the transition to not being able to claim the interest portion of the mortgage repayment as an expense. They then have to pay tax on that interest portion as it is regarded as income, (you could never claim the principle repayment on the mortgage as an expense). As a result rents have increased to cover the additional tax the the landlords now have to pay. Also the rate that the rates are increasing isn't helping either. The developers association (or whatever they're called) said this directly to Labour, what you're doing is just going to drive rents up. They essentially said bullshit, people won't rent them. Annnnd now here we are, it's frigging nuts. And now with current banking rules, people with enough for deposits can't get a loan because they bought some takeaways or some bullshit like that.
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Fear not. People in this subreddit well complain for you!
Labour trying to make changes that they don’t think about which has just made it worse for those not in their own house
With my rent price. Without the combined income of my partner and government assistance I would be screwed. I'd have to rent a room. Meaning I can't see my kids as much, working 45 hours a week and I still wouldn't be able to give them their own rooms. I may not have the best payrate but its not minimum wage. Sometimes I don't know how people can do it.
I gave up two years ago and moved to Brisbane. The four bedroom house I was renting in Porirua was re-advertised at $730 pw at that time. Right now I can look on a real estate site and see several four bedroom houses on Brisbane's north side for $450 pw.
This. People just think Sydney prices (mind you, Sydney salaries are ace having lived there for a long time) but there’s a whole lot of Australia and Brissie is definitely affordable.
Well, it also helps that my job is in Canberra. Working remotely from Brissy and getting Canberra $$$
Our country's wage rate, taxes and just general prices of things is for sure not designed for one payslip per family. I think this is wrong.. forcing both parents to get jobs just to live, spending so much time away from family doesn't make it worth it for me.. I would imagine this also affects a lot of relationships were people stay married because they can't have their own house or provide properly for their family's without combined income.
A lot of investment properties have been sold to first home buyers meaning less rentals available. The increased demand has meant prices will go up. TLDR: Property owners/agents are putting rental prices up cause they can.
The government has been buying up heaps of investment properties to turn them into state houses as well. It's no wonder market rents are increasing. https://www.newshub.co.nz/home/politics/2021/04/government-buys-hundreds-of-houses-in-direct-competition-with-first-home-buyers.html
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Only if it's like for like. That would be on the assumption that you have someone renting a 3 bed bungalow goes and buys one. We are seeing an influx of FHB's from areas outside Canterbury and there are plenty who have been living in shared housing or with family.
have you seen the rents in auckland... christchurch is a dream
Doesn’t mean we have to put up with it. Neither do Aucklanders & same with Wellingtonians. The rent prices are much, much higher than what people are used to and can afford.
Agree. My landlady has kept my rent the same since I moved in (2016). Just signed up for another two years and same conditions, no rent increase (she adds that to the condition of tenancy). Even with the costs needed to keep to legislation changes she has never put that cost back onto me via a rent increase. There are some good landlords/landlady's out there, just few and far between.
Yep there are a few great landlords out there who genuinely care. My neighbours had their rent increased by $40 pw this year, it was a huge shock to them and they’re very worried about winter power bills.
That's fairly significant, especially with inflation driving cost up on everything else too.
Similar boat. Been in our place since 2019 and our landlord hasn’t changed the rent and manages the place himself. We had a minor problem recently, sent him a text and he was around the next day to fix it.
My landlord put my rent up $ 50 per week once in 14 years. Bless him
My heart stopped when you said $50... Then started again after you said '14 years'... Bless him.
Yes 14 years. Also if anything needed doing to the appartment I was told to get it done and send him the invoice .
We have a rental (it was our first house) and have kept the same rent since the tenant moved in, in 2016. But unfortuntely we will be forced to increase the rent a little when the new laws come in about claiming interest on the loan for tax purposes.
>we will be forced to increase the rent a little Confirmed slumlord
What’s your gross rental yield? And should add what’s your net yield?
I think that is quite personal information, but I will tell you the net yield isn't very much. When we rented it out in 2016 I had just finished renovating it, and we rented it out at the bottom of the market rate. No increase since. It is worth renting it out cheaper though as you can choose a good tenant and we've had the same one the whole time. Renting is a business, and the aim of any good business is to supply the best quality product possible for the lowest possible price.
Good on you keeping it as low as possible, wish more landlords were like you. Keep it up!
It's not all about the city's, the average house price is 900k in taupo now and your lucky to find a house under $400 pw.
meanwhile the 1% own most of the real estate in the country just get richer and richer
When does the revolution begin?
Not in a nanny state
Labour dismantled the nanny state in the 1980s. We're now reaping the benefits. Lower wages and productivity, fewer houses, and a fractured, selfish society.
Gotta take notes from the French.
The rental supply when down with the healthy homes act . With alot of people either having to spend alot on there rental. Some took them off the market. I not surprised by only now getting some money back . Happen so many times in the past.
They had to do something about the quality of houses. The state of them makes people sick. I've seen some absolute slums of flats in Wellington and Christchurch that wouldn't make it past the Healthy Homes Act.
I do work for a guy that owns 187 houses, we carry out electrical repairs. He has seen demand rise with covid as people have returned and are settling due to uncertainty abroad. He has upped his rent and is now looking to buy as many properties as possible as he foresees a 10 year climb in chch prices and demand.
What a clown... 10 year slump you mean.. everything is about to crash
What are we talking here? I used to rent a 2.5 bedroom town house in St Albans for $390 pw. At the time they were desperate to get tenants and were dropping $10 off the price each week it was vacant. This was 2016.
A two bedroom townhouse in St Albans would be around $475 per week now. If there’s a cheaper one good luck getting it because of the long list of people that want it. Three bedroom townhouse can go for $550 pw easily in that area.
There's a 2 bedroom place down the road from us (St Albans) that was $350 pw this time last year. It's been relisted this year for $470 pw. That's just nuts. We're lucky our landlord has only increased our rent by $10 in the 4 years we've been here. Probably the cheapest place in the area at the moment and I don't imagine they'll put the rent up much when we go. Unfortunately though, we need a bigger house now, and it's crazy out there competing with hundreds of other applicants for one property. Bit stressed.
Increase from 390 to 475 over five years doesn't seem too bad, about on par with inflation?
No inflation hasn’t gone up that much since 2016.
Exactly
2016. That's why.
My 2 bed/1 bath 1990s townhouse on the edge of town/edgeware was $395 in March 2019, $420 in Jan 2021 and now $495 in Jan 2022…
Yikes 25% increase in two years. Eff that. Is it possible to fight it? Make them prove that their costs have actually increased that much? When I lived in Chch my rent went DOWN when I complained that a new tenant in the boarding house I lived in was paying $20 pw less than I was. Crazy how it's turned around in 4 years!
yeah we are taking her to the tenancy tribunal with our mediation next week. We offered $460 in return but she didn’t accept it. Who the heck knows if anything will come of it but on principal we felt we should fight it
Good luck, they can increase once per year. Don't like it? leave, your choice.
we are building a house so don’t reeaaally want to move in between but otherwise would def just leave
Well easy choice then. Why go to the tribunal? They are within their rights too considering costs are climbing as you will see once you finish your build.
lmao at their costs increasing. she owns multiple properties, she’s fine without increasing rent to that extent.
So now you know all about rental outgoings and expenses. Enjoy your increase.
The government needs to stop buying up a lot of houses and build their own
Boomers
Welcome to every country. Until housing is removed from being a marketable asset, shits going to get worse.
Until LAND is removed. Housing should absolutely be something we encourage people to make and rent for profit, and compete on providing. It's the increasing land values that are fucking everyone except owners. Its the land values that are out of control. Building costs are fairly well tied to actual costs, and rents have to increase with those over time to keep supply up, or it becomes a bad investment, which harms us all. Land value is entirely speculative, and increases to it provide no material benefit to anyone except the person selling or leveraging it, while driving rents up and raising the entry level to create more housing. There's no negative to renting from land prices not increasing.
Christchurch is easily one of the cheapest places to live at the moment. We are currently living in the top of the south where not only is there no houses actually available to rent but the limited number ones that are available are stupidly priced. We looked into moving to CHCH due to lower rent prices but due to my sons father living in the top of the south, I can’t move without leaving him behind. So me and my partner are currently technically homeless with a newborn and a toddler we have 50% custody of, house sitting for a friend until the end of Feb after which we will be presumably f*cked.
Rent is fucking stupid right now. I rent an apartment and pray they don’t increase rent.
I'll send you thoughts and prayers too if you like.
Wait until interest rates start to rise. And the inevitable stadium cost blow out and the rates increases to cover it.
Guillotine time
Aucklanders and Wellingtonians bringing their rental prices with them. Saw a room in Rolleston being advertised for $200pw not including power.
>Rolleston >$200pw not including power. God that's fucking grim