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Tony Mitchell: Residential Property Managers Association Chairperson on the new

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

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.