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6 Jul 2022 10:13
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  •   Home > News > Business

    Solving all-time high median rents won't be an easy fix

    Solving all-time high median rents won't be an easy fix

    25 May 2022

    TradeMe
    TradeMe
    It comes as TradeMe's Rental Property Index shows the national median weekly rent reached a record-breaking 580 dollars in April.

    It was the second month rents jumped seven-per cent year on year, with tenants paying 40 dollars more than this time last year.

    TradeMe's Gavin Lloyd says one of the reasons that are big problems is that a lot of costs are being put into the market.

    He says the other issue is the chronic shortage of housing around the country, which has had a significant impact.

    © 2022 Newstalk ZB, NZCity


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