Capital rental market booming
The latest Trade Me Property Rental Index is out and it shows that rents were up nationwide in December, with the national median weekly rent climbing to a record $450.
Head of Trade Me Property Nigel Jeffries said that the rental market started 2016 relatively sedately, but then accelerated significantly in the last few months of the year.
Median weekly rents around the country grew pretty sharply from October, he said.
“Typically December is reasonably quiet as everyone winds down into the Christmas period, but this December we saw rents jump 7.1% on a year ago.
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