![Millionaires make peace in luxury-home rent quarrel](/pf/resources/images/placeholders/placeholder_l.png?d=808)
Millionaires make peace in luxury-home rent quarrel
Tenancy Tribunal hears property mogul and Westpac chief settled out of court.
Tenancy Tribunal hears property mogul and Westpac chief settled out of court.
Software geeks have taken over Christchurch's High School Old Boys rugby club, after the earthquake pushed them out of upmarket CBD offices.
Limiting increases in rents in Christchurch would stop residents being hit by profiteering landlords, Labour deputy leader Annette King suggested today.
Auckland faces a rent shock as the Christchurch earthquake diaspora, rising insurance premiums and the loss of a landlords' tax break all affect demand.
Scammers are targeting people desperate to find new homes in Auckland's rental property shortage.
Some Christchurch renters fleeing the shaken city are getting little charity from landlords, who are trying to keep them locked into contracts.
Auckland's rental crisis is worsening, with prices rising 7 per cent in a year and desperate tenants going to extreme measures including offering to pay six months' rent in advance.
Flat-hunters and those wanting a flatmate have been conned by scammers who lure their victims into sending money overseas.
Rental prices have risen in many areas of Auckland over the past year with a real estate agency expecting another surge because of a shortage.
Just 6 per cent of investors think shares offer the best rate of return, while rental property is still a popular investment, according to a survey by ASB.
Demand for rental property in Auckland is at crisis point, with some houses now attracting as many as 200 would-be tenants.
The Kiwi dream of owning a home is long gone for many, and now the chances of a decent rental are fading.