Changing market has landlords offering enticements

Wednesday 24 November 2004

Auckland's rental market has turned in tenants' favour, with some landlords offering enticements to keep their property rented out.

By The Landlord

After three years of rising rents and having to scramble to put a roof over their heads, tenants are now finding it easier and cheaper to rent a house or apartment.

Many find they have a choice of properties and are being offered deals to entice them through the door.

It is a scenario being repeated in many main centres in the wake of a property klondike that gripped the nation, one which saw large numbers of investors buy into rental properties.

Barfoot & Thompson rental manager co-ordinator Helen Hodgson and Auckland Property Investors Association president Andrew King both said the rental scene changed a few months back.

"It's a tenants' market," Ms Hodgson said.

"You have to virtually `sell' a property to tenants and they might come back and take a second look before they decide," she said.

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