Tenants seek good locations as rents drop in Christchurch
June 15, 2017
Tenants are making the best of falling rents in Christchurch, with rents now back where they were nearly five years ago.
On average, tenants are paying nearly $60 a week less than when rents peaked after the Canterbury earthquakes. The median rent of properties let out during May was $363, down from an early 2015 peak of $431, bond figures show.
Brent Manderson, of Harcourts Accommodation Centre, said tenants were being more choosy about location.