When it comes to permanent (or at least long-term) accommodation, Auckland is a city of homeowners. Unlike some cities, where a home is basically a place to lay your head and keep your belongings, owning a home is a large part of the “New Zealand Dream” and the first choice of the vast majority of Kiwis when it comes to deciding where to invest their money. Aucklanders tend to be “house proud,” and spend countless hours (and/or dollars) renovating and perfecting their palaces — which take the form of apartments, townhomes, villas, state houses, modern architectural homes and more.
Until the recent home price boom, home ownership in Auckland has also been accessible to most working people. The record-setting prices of the past few years, however, have prevented some younger adult Kiwis from entering the property market. Over the past two years, property prices dropped but they are now slowly starting to climb again. Luckily, there are many New Zealanders who have invested heavily in the property market, so there are always houses and apartments available for rent. Rental apartments are often privately owned, just like houses, rather than owned by a company that operates all of the apartments in a building. For this reason, you are almost as likely to be able to find a house as an apartment to rent. Generally speaking, the more populated and close to the central city the area is, the more rental properties are available.