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NZ’s rental growth hotspots
Tuesday 20th of September 2016
Trade Me Property’s latest rental data is out and it shows Auckland rents are stagnating with year-on-year growth of just 0.3%.
Head of Trade Me Property Nigel Jeffries said Auckland’s median weekly rent had fallen from a record high of $520 in May.
“Auckland’s median weekly rent was $500 again this month, and we’ve seen rents hover around this figure most of this year.”
Further, the city’s average asking price went up by $88,000 in the last year, but median weekly rents went up by just $1 in the same period.
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