A Tale of 2 Countries: Rents Soar in Australia, as Landlords Fight for Tenants in New Zealand

The Property Council says many Australian cities are heading for a rental crisis, while landlords in New Zealand’s largest city are offering sign-up incentives.
A Tale of 2 Countries: Rents Soar in Australia, as Landlords Fight for Tenants in New Zealand
A photo taken on June 16, 2024 shows an aerial view of apartment blocks located in the Sydney suburb of Mascot in Australia. David Gray/AFP via Getty Images
Rex Widerstrom
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In Australia, a projected shortfall in the number of homes produced under a government building programme could trigger what the Property Council of Australia calls an “affordability time bomb” for renters.

While in stark contrast, New Zealand landlords are resorting to offering grocery vouchers or a week’s free rent in the hope of attracting tenants, and that’s despite new home building consents falling to mid-pandemic levels.

Rex Widerstrom
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.