Report reveals Auckland's rental patterns

(File)
(File)

The majority of renters are living in a property for around two years before moving on, according to a Barfoot and Thompson report.

South Auckland, North Shore and city fringe suburbs have the longest average tenure, whilst inner-city apartments have the shortest.

Barefoot and Thompson manages around 1300 rental properties, and found 70 percent of renters live in one home for 24 months, with 30 percent staying in their home for more than two years.

Only 9 percent have lived in the home for more than five years.

Inner-city properties, mostly apartments lived in by students, have a quick turnover of 17 months.

However city fringe suburbs, south Auckland and the North Shore properties, more popular with families, have average tenancies of 25-26 months.

Periodic tenancies are the most popular, with flexibility being the attraction. These tenancies are ongoing, but can be reviewed or exited with notice by either party at any time.

Barfoot and Thompson say it's about an even split between landlords and tenants as the reason for a tenancy to end.

Kiri Barfoot says the topic of security of tenure is often related to tenants wanting to make the home their own through redecorating or home improvements, but this should be openly discussed with the landlord.

"It's a two-way street. Landlords willing to accommodate such requests, or fund improvements, will likely find their properties are more attractive to tenants and potentially draw better weekly rents as a result," she says.

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