Property Management

Tenants under pressure

Tenants will be hit with rent rises over the next six months as landlords pass on rate increases across the Auckland region...

Friday, April 18th 2003

Rate increases are expected from Auckland City Council and Auckland Regional Council (ARC) in June, to cover transport and major infrastructure development.

Low-value ($180,000-$200,000) property owners will face an average city council rates increase of 21 per cent, while medium-value property owners face a 7.3 per cent rise.

Property owners must also pay a separate ARC rates bill for the first time. In the past this rate appeared on their city council rates bill.

Last year the ARC levy was $79 for a $260,000 property. This year, it more than doubles to $200.

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