22 Feb 2024

Rental prices could continue to rise warns expert

From Midday Report, 12:43 pm on 22 February 2024

A property expert is warning rental prices could continue to rise throughout the year.  

Trade Me's latest Rental Price Index shows the national median weekly rent surged to $630 in January, up 0.8 percent on the previous month.

Trade Me's Property Sales Director Gavin Lloyd says he can't see any signs of a let up.

Lloyd spoke to Charlotte Cook.