Covid-19 adds further pressure to some cities already struggling with squeezed rental property markets, as the number of vulnerable people unable to afford housing also rises. In Whanganui, people wanting to return home and out of town interest are pushing the vulnerable to the margins. At one recent property viewing in New Plymouth, there were 53 applicants to view a bog-standard three-bedroom home with a double garage. READ MORE:* Rental demand 'unprecedented', pushes up need for emergency housing* Taranaki real estate market getting up a head of steam* Stable future predicted for Taranaki housing market as industry plans for level 2* House prices offer 'second chance' for big city buyersBayleys' property manager Kellie Hodson said while that surprised agents, it was an indication of what was happening in the market. Melissa Robinson is the boss of Ray White's Whanganui property management group.

Source: Stuff June 02, 2020 04:30 UTC