the podcast on
Kiwis seem to be on the move.
Ministry of Housing and Urban Development data shows that half of New Zealand tenancies are less than two years old, and just 1% have been in place for more than 18 years.
The average tenancy is now 50 months long, up from 28 in 2010, and the median has reached 25, up from 14 in 2010.
Residential Property Managers Association Chairperson Tony Mitchell told Kerre Woodham that it comes down to flexibility – mostly on the part of the tenant.
He says most landlords would prefer a long-term agreement, but tenants prefer the flexibility of shorter contracts as it allows them to move or upsize as needed.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeartRadio app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeartRadio is easy to use and all FREE
