Ashburton Guardian, Thursday, September 27, 2018

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Thursday, Sept 27, 2018

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Rentals in short supply BY SUE NEWMAN

SUE.N@THEGUARDIAN.CO.NZ

Ashburton’s rental market has taken a huge U-turn, with more renters now looking for homes than properties available. In just two months that mar-

ket has changed from one where renters could be choosers, to one where the shortage was so dire, renters are being forced to take what they could, real estate agent Trevor Hurley said. The swing has been driven by

the arrival in town of seasonal workers and it’s a pattern that shows up most years to some extent, Hurley said. Vacant properties might be few, but the market was still a long way from the situation several years

ago where landlords were holding open homes to view properties and, in some cases, then adjusted rental – upwards – according to demand. “What we’ve got now is good for investors, but not so good for

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Ashburton Guardian, Thursday, September 27, 2018 by Ashburton Guardian - Issuu