19 May 2022

Taranaki rents up 18 percent

From Morning Report, 7:24 am on 19 May 2022

Taranaki is enjoying is one of the lowest unemployment rates in the country but is also having to deal with sky rocketing rents.

Like everywhere else in the country the rising cost of living is taking its toll.

The latest six monthly economic snapshot from development agency Venture Taranaki shows rents have grown faster than anywhere else - up a whopping 18 percent.

Generic graphic showing rising house, unit, apartment rises.

Generic graphic showing rising house, unit, apartment rises. Photo: 123RF

Taranaki reporter Robin Martin has been speaking to some of those feeling the pinch.

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