Renters feel pressure
FIVE years ago when they moved to Portland, renters Renee Townsend, Mark Anderson and their son Austin Anderson, 9, had plenty of choice of houses.
However, they moved away last year, and returned to Portland at the beginning of this year only to find access to suitable houses limited because demand for
rental properties is so high.
Austin is delighted to be living back in Portland near his many friends at Portland South Primary School, but the temporary holiday accommodation the family
are now in – while discounted – is far more expensive than a house, and is draining the family’s limited finances.
It’s a problem being replicated throughout the city as Portland’s affordability becomes more widely known, and employment increases; houses previously
occupied by renters have been bought by people who want to live in them.
With less houses available for rent, and more demand, some rental prices are going up.
It’s a situation that Assets Real Estate property manager Sara Edwards confronts daily; working at the largest rental accommodation agent in town, she can
have more than 50 people on a waiting list to rent one house, and works with landlords to sort through dozens of applications daily.
“There are people I’ve rented to several times that I have to phone to say they’ve missed out on a property; it’s awful having to tell them they’ve missed
out,” she said.