Press Release – Trade Me Property New Zealands national median weekly rental price finished off the year 21 per cent higher than it was at the end of 2015 according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Logan Mudge said the national median …
New Zealand’s national median weekly rental price finished off the year 21 per cent higher than it was at the end of 2015 according to the latest Trade Me Rental Price Index.
Trade Me Property spokesperson Logan Mudge said the national median weekly rent was $520 last month, marking a 4 per cent increase on the same month in 2019 and a 21 per cent increase on this time in 2015. “November’s median weekly rent matched the all-time high we first saw in February this year.”
Press Release – Trade Me Property
New Zealand’s national median weekly rental price finished the year 21 per cent higher than at the end of 2015 according to the latest Trade Me Rental Price Index.
Trade Me Property spokesperson Logan Mudge said the national median weekly rent was $520 last month, marking a 4 per cent increase on the same month in 2019 and a 21 per cent increase on this time in 2015. “November’s median weekly rent matched the all-time high we first saw in February this year.”
In the Wellington region, the median weekly rent in November was $580, up 6 per cent year-on-year.
“The Wellington City average median weekly rent was slightly higher at $595. This put it in first-equal place as Wellington’s most expensive district.
Press Release – Trade Me Property New Zealands national median weekly rental price finished off the year 21 per cent higher than it was at the end of 2015 according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Logan Mudge said the national median …
New Zealand’s national median weekly rental price finished off the year 21 per cent higher than it was at the end of 2015 according to the latest Trade Me Rental Price Index.
Trade Me Property spokesperson Logan Mudge said the national median weekly rent was $520 last month, marking a 4 per cent increase on the same month in 2019 and a 21 per cent increase on this time in 2015. “November’s median weekly rent matched the all-time high we first saw in February this year.”
Press Release – Trade Me Property
New Zealand’s national median weekly rental price finished off the year 21 per cent higher than it was at the end of 2015 according to the latest Trade Me Rental Price Index.
Trade Me Property spokesperson Logan Mudge said the national median weekly rent was $520 last month, marking a 4 per cent increase on the same month in 2019 and a 21 per cent increase on this time in 2015. “November’s median weekly rent matched the all-time high we first saw in February this year.”
Nationally, supply was up by 6 per cent in November when compared with the same month last year. “This is the biggest year-on-year increase in supply we have seen since June. However, with demand sky-high, up by a whopping 20 per cent year-on-year, rental prices around the country have stayed very high.”
“It’s rare to see increases across the board but that’s just a mark of the New Zealand rental market - it’s hot nationwide.” The biggest annual rises were in Southland, where rents were up by 16.7 per cent to $350 a week, and Manawatu/Whanganui, where they were up by 15.8 per cent to $440 a week. While rents in the Bay of Plenty were up by just 4.9 per cent, the median weekly rent hit a new record of $535, which made it the only region to hit a new record in November. Nationally, supply was up by 6 per cent in November when compared with the same month last year.