News
Skyrocketing rents matching record inflation
Wednesday 27th of April 2022
Inflation hit a 6.9% high in the first quarter of this year and rents rose 7% year-on-year to the end of March, Trade Me’s latest Rental Price Index shows.
In Taranaki median weekly rent grew by a whopping 18% year-on-year to reach $530 in March.
For landlords the Bay of Plenty had a standout month with the median weekly rent growing by 9% to reach $600 for the first time...
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