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# The BFD Face of the Day
- URL: https://goodoil.news/the-bfd-face-of-the-day-10/
- Published: 2020-01-20T17:30:08.000Z
- Updated: 2020-01-21T21:40:34.000Z
- Author: Good Oil Staff
- Tags: Featured, NZ, NZ Politics, #wp, #wp-post, #Import 2024-07-17 03:24

Todays’ face of the day **Finance Minister Grant Robertson** has stated that the huge rent rises across New Zealand, desperate tenants and landlords leaving the market in droves have nothing whatsoever to do with the COL’s “rental reforms” AKA[ landlord bashing policies.](https://thebfd.co.nz/2019/11/a-bash-the-landlords-up-laundry-list/?ref=goodoil.news)

> \[…\] “The rental market at the moment is quite desperate,” she says.

> Last year, the average cost of a rental property in Christchurch went up 1.7 percent to $379, while Dunedin went up 8.4 percent to $464.

> Rental properties in Auckland rose 2.2 percent to $563 a week. Hamilton went up 6.1 percent to a December record of $420\. **Wellington went up 10 percent,** topping the country with rents of $604 per week.

> \[…\] It isn’t just students feeling the pinch – professionals and families are too.

> “Previously, they’ve been competing separately for different types of housing. Now it’s an all-versus-all scenario, where you’re trying to find anything you can to get into a house,” Infometrics senior economist Brad Olsen said.

> \[…\] **Demand in Auckland and Wellington has increased by 20 percent and 8 percent respectively. In Christchurch, it was up 22 percent, and in Dunedin, 24 percent.**

> “With demand already really high, we expect to see record rents and some pretty startling demand figures over the next few months,” Trade Me head of communications Logan Mudge said.

> Some landlords **warned** the Government they would need to pass on the costs of its rental reforms – which include limiting rent rises to once a year and introducing new healthy homes standards.

> Finance Minister **Grant Robertson** says there is **no link** between that and rising rent prices.  
>  
> Newshub

![surprised nicolas cage GIF](https://storage.ghost.io/c/31/f4/31f4e20a-0315-499e-83ff-139e8eab53bf/content/images/media/10uct1aSFT7QiY/giphy.gif)