Rental market madness
Demand for rental property in Auckland is at crisis point, with some houses now attracting as many as 200 would-be tenants.
Desperate tenants are often having to spend months searching for a place to live, and some even engage in bidding wars. Landlords are sitting pretty.
Rental agents say they are receiving hundreds of inquiries for listings, especially for stand-alone houses close to Auckland's central business district.
An agent who listed a four-bedroom property in Balmoral said he received Read more [...]