Photo: 123RF
New data released by Trade Me has found that the country s average rent has again reached $520 a week - a high not seen since February.
The highest rents are on Auckland s North Shore, at an average $620 a week.
However, Wellington now out-prices Auckland with a median price of $580 per week. Porirua and Wellington City were equal-highest priced areas in the capital at an average $595 a week.
Bay of Plenty rents also set new records at $535 a week.
Trade Me s property spokesperson Logan Mudge said that despite an increase in properties available for rent last month, demand was outstripping supply.