12 Mar 2020

Rents continue to rise

From Morning Report, 8:41 am on 12 March 2020

Rental accommodation is more expensive than it has ever been before, with the national average rent reaching $480 a week last month.

The Property Investors' Federation says average is from government figures and is $20 a week more than the same time last year and $40 higher than the year before that.

It's blaming the rise on a lack of available housing and on landlords passing the cost of the Healthy Homes Standards onto renters.

Harry Lock reports.

Read more here.