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25 Apr 2024 19:19
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      Home > News > Business

    No signs demand for rentals will cool anytime soon

    No signs demand for rentals will cool anytime soon


    Trade Me's November Rental Property Index shows a nationwide median weekly rent rise of 4.2 per cent year on year.

    Demand for properties was also up 17 per cent.

    Trade Me Property's Aaron Clancy says until there's a spike in supply, high rents will be the new normal.

    He says for about a year now they've seen strong growth in rental prices and the number of tenants looking for a property.

    © 2024 Newstalk ZB, NZCity

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    The Miami Heat's caused a boilover in the first round of the NBA playoffs...beating the top ranked Celtics 111 to 101 in Boston to level their Eastern Conference series one-all More...

    BUSINESS BUSINESS
    Cheaper citrus fruit may be on the way for shoppers More...


     Today's News

    		 Environment:
    A vegetation fire near Dunedin remains contained, with one helicopter still battling the blaze 18:57

     Rugby League:
    A valiant Warriors comeback has fallen short...beaten 27-24 by the former bottom-of-the-table Gold Coast in their Anzac Day NRL encounter at Mt Smart 18:37

     Environment:
    The Rangitata rail bridge has reopened following a two week closure 18:07

     Motoring:
    A Waikato road will be closed for some time while a power pole is fixed 17:27

     Basketball:
    2021 NBL Championship winner Mitch McCarron is joining the Breakers on a two-year deal 17:17

     Cricket:
    The under-strength Black Caps aren't overly concerned about the result of their T20 series in Pakistan 16:17

     Rugby League:
    Warriors halfback Shaun Johnson has called on the Warriors to execute more accurately on attack 15:57

     International:
    Hamas issues video showing Israeli-American hostage Hersh Goldberg-Polin, sparking protests in Israel 15:37

     International:
    Terrorism is 'exactly' what women and children experience in family violence, Rosie Batty says 15:27

     Basketball:
    The Miami Heat's caused a boilover in the first round of the NBA playoffs...beating the top ranked Celtics 111 to 101 in Boston to level their Eastern Conference series one-all 15:07

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