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21 Mar 2025 21:01
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  •   Home > News > Business

    Clear data on the rise in rent - over the past five years

    Clear data on the rise in rent - over the past five years


    Trade Me's Rental Price Index reveals the median weekly cost has risen 25 percent since March 2020 - to 640 dollars.

    The lockdown mandate increased market demand.

    Property Customer Director, Gavin Lloyd says Bay of Plenty now takes the title for the most expensive region - at 680 dollars a week.

    He says the region's prices have spiked - overtaking Auckland and Wellington.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     21 Mar: The Warehouse Group's slight shift in fortunes is proving encouraging, although the business admits there is still work to do
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     21 Mar: Hard work ahead for the Warehouse Group, despite promising shoots emerging from its latest financials
     21 Mar: The Council of Trade Unions says continued economic growth isn't a given
     21 Mar: The whole economy is expected to feel the positives coming out of the dairy sector
     21 Mar: One of our largest retailers believes it's starting to turn a corner
     21 Mar: Kiwifruit marketer Zespri is forecasting strong returns for growers
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