Static rents tough for landlords
Popular perceptions of rent-gouging landlords have, once again, been knocked asunder by March’s rental data.
Around New Zealand, asking rents remained stagnant with the national weekly median, along with those of Auckland, Wellington and Christchurch, remaining unchanged since February.
This left the national median weekly rent at $430 – the same as February and up just $10 a week year-on-year.
Auckland’s median weekly rent stayed at $500, having increased just $20 year-on-year, while Christchurch’s median weekly rent stayed at $420 for the sixth consecutive month.
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