Scoop has an Ethical Paywall
New Year brings rent spike
New Year brings rent spike
New Zealand’s median weekly rent saw a sharp jump in the first month of 2016 according to the latest Trade Me Property Rental Index.
Head of Trade Me Property Nigel Jeffries said the national median asking rent went from $420 to $435 between December and January, a stark contrast to the rest of 2015 which showed very slow growth.
“We weren’t surprised to see a rent correction in January – it’s a trend we see each year as many land-lords look to adjust their rental incomes at the start of the year. Looking back, last January we saw rents rise by $20 per week, then remain pretty flat for the rest of 2015.”
The full Trade Me Property Report can be found here
ENDS
Advertisement - scroll to continue reading
Insurance and Financial Services Ombudsman: Woman Gets $40k More After Disputing Insurer’s Decision
BNZ: A Quarter Of Older NZers Fear Going Online Due To Scam Concerns
University of Auckland: Scientists Develop Tool To Monitor Coastal Erosion In Fine Detail
Oji Fibre Solutions: OjiFS Proposes To Discontinue Paper Production At Kinleith Mill
Hugh Grant: Navigating Digital Adoption In New Zealand - Embracing Change For A Bright Future
Dawn Aerospace: Historic Flight - Breaks Sound Barrier And Global Records
