How long can the rental market meet demand for migrants?

Stats NZ data shows 245,600 migrants arrived here in the year to October; a new record.

Net migration is nearly 129,000.

Compared to Australia, we've taken in 30% more people when adjusted for inflation.

Aspire Property Management Managing Director, Mike Atkinson, told Tim Dower that it's an enormous amount of people, putting a strain on the system, and could push rents up even further.

LISTEN ABOVE

How long can the rental market meet demand for migrants? 
Stats NZ data shows 245,600 migrants arrived here in the year to October; a new record. 
Net migration is nearly 129,000. 
Compared to Australia, we've taken in 30% more people when adjusted for inflation. 
Aspire Property Management Managing Director, Mike Atkinson, told Tim Dower that it's an enormous amount of people, putting a strain on the system, and could push rents up even further. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.