Property Management

Tenants forced to bid for rent

Some landlords are taking advantage of the strong rental property market in Nelson by making potential tenants bid against each other, people involved in the market say.

Thursday, October 09th 2003

Nelson Homebuilders manager Bernadette Anne said she was aware of three cases where people had been asked to put in a tender for their rented property by their landlords in winter.

"My understanding from clients is that landlords somehow found other tenants willing to pay more, and then asked the current tenants to put in a tender as well," Ms Anne said.

In each case, the tenants had moved on.

"To be asked to put in a tender for your own rent I think is unreasonable. Tenants are then put in the awful position of not knowing how much to tender."

Read More - Opens in a new window

Most Read

Unity First Home Buyer special 3.95
SBS FirstHome Combo 3.99
TSB Special 4.49
SBS Bank Special 4.49
Co-operative Bank - First Home Special 4.49
ICBC 4.49
Unity Special 4.49
ASB Bank 4.59
ANZ Special 4.59
Westpac Special 4.59
Kiwibank Special 4.59
ICBC 4.89
Unity Special 4.89
BNZ - Std 4.89
Kiwibank Special 4.89
SBS Bank Special 4.89
Kainga Ora 4.95
China Construction Bank 4.95
TSB Special 5.09
ANZ Special 5.09
ASB Bank 5.09
Nelson Building Society 5.09
Westpac Special 5.59
ICBC 5.65
Kainga Ora 5.69
TSB Special 5.69
SBS Bank Special 5.69
AIA - Go Home Loans 5.69
ASB Bank 5.69
BNZ - Std 5.79
Co-operative Bank - Owner Occ 5.89
Kiwibank Special 5.89
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.75
Unity Standard 5.79

More Stories

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Buyers sitting on the sidelines in best time to buy in a decade

Thursday, December 04th 2025

Buyers sitting on the sidelines in best time to buy in a decade

Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.