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24 Apr 2024 17:39
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      Home > News > Business

    Housing is seeing record-shattering surges in rent across the board

    Housing is seeing record-shattering surges in rent across the board


    According to the latest Trade Me Rental Index, the average property saw an increase of six percent from the same time in 2020 - the biggest jump in two and a half years.

    Rents in every region have had a bump, with Hawke's Bay topping the list - seeing a rise of nearly 14 percent.

    Trade Me Property Sales Director Gavin Lloyd says supply isn't keeping up with demand so rents could continue to climb.

    © 2024 Newstalk ZB, NZCity

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     24 Apr: After a shock announcement in March, the Ministry for Disabled People has clarified its changes to spending rules
     24 Apr: Job growth in the small business sector is a positive sign, despite uncertainty in the market
     24 Apr: Farmers see RMA reform as common sense returning to the farm gate
     23 Apr: Ryman Healthcare CEO - Richard Umbers - has resigned, a month out from the firm's full year result
     Top Stories

    RUGBY RUGBY
    A new role awaits versatile Crusaders back David Havili ahead of his injury return in Friday's home clash against the Rebels in Christchurch More...

    BUSINESS BUSINESS
    New Zealand has achieved its first trading surplus since last May More...


     Today's News

    		 Entertainment:
    Luke Bryan fell over on stage after slipping on a fan's mobile phone on Saturday (20.04.24) night. 17:33

     International:
    The growing awareness of the impact and importance of Gurkha and Sikh troops during World War I 17:27

     Business:
    New Zealand has achieved its first trading surplus since last May 17:27

     Entertainment:
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     Law and Order:
    A 35 year old man has been arrested after a string of cash burglaries at Auckland laundromats, with allegedly thousands of dollars taken 16:57

     Business:
    A new role awaits versatile Crusaders back David Havili ahead of his injury return in Friday's home clash against the Rebels in Christchurch 16:37

     Entertainment:
    Salman Rushdie leaned on a therapist to help him write about his near-fatal stabbing 16:33

     Rugby League:
    The Cleary name is confirmed to be returning to the Warriors in the NRL 16:27

     Auckland:
    A three vehicle crash is blocking traffic in Auckland - at the Northern motorway's Stafford Road off-ramp -- ahead of Anzac day 16:17

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