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3 Feb 2025 15:00
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  •   Home > News > Business

    Auckland's average weekly rents have reached an all-time high

    Auckland's average weekly rents have reached an all-time high


    TradeMe
    TradeMe
    TradeMe's latest Rental Price Index shows the national median weekly rent's held steady at 620 dollars, but that figure rose five dollars to 675 a week, in the City of Sails.

    Down south, Otago set a new high for the third consecutive month, to 590 dollars a week.

    Property Sales Director Gavin Lloyd says record net-migration is behind Auckland's rise.

    He says there's a lot of documentation about that currently, which is really impacting the city's market.

    © 2025 Newstalk ZB, NZCity

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