Now they are queuing for rental houses …

CV-like applications, parental endorsements and even cash offered by those desperate for a new home
Students are turning up to open homes with CVs, or even their parents, to try to win over prospective landlords.  Photo / Nick Reed
Students are turning up to open homes with CVs, or even their parents, to try to win over prospective landlords. Photo / Nick Reed

Auckland’s booming property market is running out of student accommodation.

At one inner-city property this week, up to 150 desperate renters queued up at an open home.

Experts say the worsening shortage reflects soaring house values in suburbs such as Ponsonby, Grey Lynn, Mt Eden and Epsom, with many former rentals too valuable to be offered as student flats.

Parents anxious to find accommodation for their children are calling property management companies and even turning up to open homes. But with thousands of students battling for fewer properties, many are dossing with parents or being forced into cheaper outlying areas.

Property Investors Federation executive officer Andrew King said landlords – many nearing retirement age – sitting on $1.5 million to $2 million properties were choosing to sell up and cash in on the buoyant market rather than settle for rental returns on their investments.

Many of the properties are becoming family homes, reducing the number of available rentals for Auckland’s 40,000-strong student population.

With University of Auckland and AUT classes set to begin in about four weeks, competition has become cut-throat for centrally located, well-priced accommodation.

A four-bedroom Bellevue Rd flat in Mt Eden with an asking rent of $650 attracted about 150 prospective tenants on Thursday and over 40 formal applications. They included a second-year bachelor of science student who has looked at 16 flats in the past fortnight.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Content Catnip

Quirky internet wunderkammer

The Claire Violet Thorpe Express

Home of everything relating to writing (and funny pictures of toys)

Just Stimming...

A land we can share (a place I can map)

Turbokitty's Blog


Imperator Fish

A blog about the media, the law, politics, and big fish


Stuff worth sharing


Looking for choice morsels of currents affairs, culture, and politics to chew on. Or spit out hastily. It depends.

Nonoy Manga

Manga, Hand Drawn, Animation, Drawing Lessons.

Oyia Brown

A WordPress site to share a smile; then an anthology showing how things really are.

Friendly Fairy Tales

Celebrating Nature and Magic for Kids of all Ages


Retrouvez toutes les informations du monde en temps réel



Don Charisma

because anything is possible with Charisma

Creepy Cincinnati

Cincinnati Hauntings & Urban Legends

%d bloggers like this: