24 Jan 2024

Rental prices pushed to record high

From Midday Report, 12:44 pm on 24 January 2024

New Zealand rental prices reached a record high in December.

Trade Me's latest rental price index show the national median weekly rent nationwide jumped to $625 a week last month - the first increase in almost six months, while Bay of Plenty overtook Auckland as the most expensive rental region.

Trade Me Property sales director Gavin Lloyd spoke to Charlotte Cook.