Tony Mitchell: Residential Property Managers' Association Chair on landlords offering incentives to prospective renters
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
Landlords offering incentives to entice tenants is said to be a simple supply and demand issue.
Rental listings in Auckland and Wellington have seen investors offer free weeks of rent, or bonuses like supermarket vouchers and even free moped scooters for people who sign on to a lease.
Residential Property Managers' Association Chair Tony Mitchell told Mike Hosking investors are fighting for tenants due to a lack of demand.
He expects it to be only a temporary thing and hopes the strong underlying demand factors will make a difference soon.
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