Rents Climb and Tenants Seek Financial Advice

Thousands of Bay tenants could be in for a shock as experts predict rents will continue to rise this year as demand for rental properties soars.

Trade Me figures show there was a 30 per cent drop in the rentals advertised on its site in 2014 and Ross Stanway, chief executive of Realty Services, which operates Bayleys and Eves, said demand was higher than supply for good rental properties.

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More Jobs As Benefit Numbers Drop

The number of Western Bay of Plenty residents on benefits has dropped more than 7 per cent as more jobs become available, according to new figures.

Ministry of Social Development figures show 11,028 Western Bay of Plenty and Tauranga residents claimed benefits in the three months to December last year – 868 or 7.3 per cent less than the same quarter in 2013. Read More