Rents rise to re­gional record

Taranaki Daily News - - Business -

Auc­tion web­site Trade Me Prop­erty’s rental sta­tis­tics for March show the coun­try’s me­dian ad­ver­tised rent was up 4.4 per cent on last year, to $470 a week. Tak­ing Auck­land, Welling­ton and Christchurch out of the cal­cu­la­tion, it was up 6.8 per cent to a record $395. Some re­gions shot ahead: Hawke’s Bay’s rent prices were up 14.3 per cent year-on-year; Manawatu/Wan­ganui’s were up 10.3 per cent; and Nel­son/Tas­man’s were up 10.5 per cent. Auck­land looked to have slowed a lit­tle – the city’s me­dian ask­ing rent was up 4.9 per cent for the year but down 1.8 per cent com­pared with Fe­bru­ary. There was still strong de­mand, head of Trade Me Prop­erty Nigel Jef­fries said.

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