Author:Jennifer L R Joynt
Source:Auckland Council Research and Evaluation Unit, RIMU
The rental sector is a significant aspect of Auckland’s housing landscape. The percentage of households recorded as renting their home is greater in Auckland than any other region in New Zealand. Rental affordability in Auckland has been an enduring issue; the median rental cost is $536 per week (MBIE, 2017), which for an average earner would account for more than 30 per cent of their income, and be classified as unaffordable.
Internationally and nationally there is an increasing body of evidence on the private rental sector that highlights growing inequity between homeowners and those in the private rental system. This inequity is felt in economic terms, as tenants fail to benefit from the wealth creation opportunities found in homeownership. Private rental occupancy has also been linked to lower social, health and educational outcomes. The literature links the cause of these low outcomes with the relatively poor quality of housing stock in the private rental system, and the limited rights tenants have under rental legislation).
This Renting in Auckland study was initiated by Auckland Council to develop a deeper understanding of the private rental housing market in Auckland from the perspective of tenants, landlords and property managers. Three key themes emerged as part of the research: unaffordability in the Auckland private rental system, poor housing stock quality, and power imbalances between tenants and landlords.
Auckland Council technical report, TR2017/032