PR-Inside.com: 2018-01-31 06:25:03
Rental prices in Wellington have suddenly spiked, affecting 30,000 students who are fighting to keep their rooms. Renters say their rent has gone up due to the $50 increase in student allowance, by landlords who have anticipated the extra income. Landlords on the other hand argue that they have had to increase rent due to the state of the housing market.
TradeMe’s head of rentals Aaron Clancy said “There’s no doubt that private landlords will see this as an opportunity to increase their rents. But this is across the board – we are all time highs for rent and demand in Wellington. It’s perfect timing for a landlord to lift rents knowing that this is going on… Labour’s first year free will increase student registration. Even if it is just a small amount we still need to find a home for these students.”
Wellington is a popular place to live as it has universities and job opportunities, but there is not much new residential development. This means students have limited accommodation options. Not all students receive a student allowance, so many students feel they are being unfairly targeted by the price hike, but chances of finding cheaper rent is slim.
However, head of the Property Investor Federation Andrew King said, “I cannot imagine that people have just said ‘well there’s a student in this house they’ve got another $50 I’ll put it up $50.’ And if they did that there is a very good chance that would be against the law.” Any landlord who charges significantly above ‘market rent’ can be taken to the tenancy tribunal.
Regardless of the cause or motives, rent increases means students will need to be smart about budgeting for the year ahead. Finding cheaper utilities is one way to save money. glimp is a comparison website for utilities, such as broadband, power and gas. Their free services can help students compare power prices in NZ, compare internet prices, and even find cheap car insurance. To use their tools, visit glimp, www.glimp.co.nz/