9:30 am today

Record number of new listings hit rental market

From Nine To Noon, 9:30 am today

The number of rental properties on the market has climbed to an 18-month high, according to the online listings platform realestate.co.nz. 7,253 more properties are on the market compared with this time last year - a 17-point-4 percent increase. Despite this the average rental price per week has had minimal movement over the same time period. Sarah Wood is the chief executive of realestate.co.nz.

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