Rising incomes and a flattening rental market are becoming a relief for tenant's wallets.  

Fresh data from Property Brokers has identified the share of income going towards rent has fallen from 44% to 40% in the year to June. 

It also found the national weekly rent has stagnated, moving from $636 last year to $635 now.  

Property Brokers General Manager of Property Management David Faulkner told Mike Hosking the last time rents plateaued was in the late 90s and early 2000s.  

He says we're three years into a similar period, where rents plateau for about six years. 

Faulkner also says rents in the regions have started to catch up – there's now very little difference between provincial New Zealand and the major centres.  

LISTEN ABOVE 

Rising incomes and a flattening rental market are becoming a relief for tenant's wallets. &nbsp;
Fresh data from Property Brokers has identified the share of income going towards rent has fallen from 44% to 40% in the year to June.&nbsp;
It also found the national weekly rent has stagnated, moving from $636 last year to $635 now. &nbsp;
Property Brokers General Manager of Property Management David Faulkner told Mike Hosking the last time rents plateaued was in the late 90s and early 2000s. &nbsp;
He says we're three years into a similar period, where rents plateau for about six years.&nbsp;
Faulkner also says rents in the regions have started to catch up – there's now very little difference between provincial New Zealand and the major centres. &nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

David Faulkner: Property Brokers General Manager of Property Management on improving rental affordability

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/883c7ae5-e951-4b70-a4b7-b4cf015b8396/transcript