A recent survey has revealed individual investors on average plan to raise the price of their rentals by 6.3 percent despite a downward trend in finding good tenants.
A monthly survey conducted by Crockers Property Management surveyed 519 investors from across the motu.
The survey found more and more investors leave decisions on rent rises to property managers rather than their own desires, but found landlords on average plan to raise their rents over the coming year by 6.3 percent.
"There is no trend up or down in this measure, meaning the cost of living shock is not leading to greater rent rises being sought by landlords."
When landlords were asked if they plan to raise their rent within the next six months 77 percent said yes. But that number hasn't changed since June 2021 when 70 percent said yes.
The survey also asked investors how easy it is to find good tenants.
"Sixty-one percent of landlords say that things are about normal when it comes to finding good tenants," it noted.
It did acknowledge though that there is a downward trend, with investors saying the ease with which they can find good tenants is slowly falling away.
Just over 20 percent said it is very easy to find good tenants, while under 20 percent said it is harder than usual.