News
Regions lead rental growth
Tuesday 23rd of August 2016
The latest Trade Me Property Rental Index shows that median weekly rents rose just $10 across New Zealand in July to reach $440.
This was a year-on-year increase of 4.8%, but follows an upwards surge in rents in June.
Head of Trade Me Property Nigel Jeffries said there was “a stark contrast” between the residential for sale market and the state of the rental market.
“Over the past two years we’ve seen the national average asking price across leap more than $100,000, while the median rent has gone up just $45 from $395 to $440 per week.”
Want to read the full article?
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
Latest News
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)