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16 Apr 2024 19:01
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      Home > News > Business

    Housing is seeing record-shattering surges in rent across the board

    Housing is seeing record-shattering surges in rent across the board


    According to the latest Trade Me Rental Index, the average property saw an increase of six percent from the same time in 2020 - the biggest jump in two and a half years.

    Rents in every region have had a bump, with Hawke's Bay topping the list - seeing a rise of nearly 14 percent.

    Trade Me Property Sales Director Gavin Lloyd says supply isn't keeping up with demand so rents could continue to climb.

    © 2024 Newstalk ZB, NZCity

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     Today's News

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    Paris Hilton spent her life saving clothes for her daughter before she was born 18:40

     Rugby League:
    The Warriors have named an almost unchanged lineup for Friday's NRL tussle with the St. George Illawarra Dragons in Wollongong 18:37

     Education:
    Christchurch Shirley Boys' concerned they can't afford upgrades after an inquiry deems modern classes unfit for learning 18:17

     Entertainment:
    Lucy Hale is still in touch with all of her 'Pretty Little Liars' co-stars 18:10

     Soccer:
    Could the Phoenix be in line to get a star player back ahead of the A-League football finals? 18:07

     Entertainment:
    Rebecca Ferguson got angry phone calls from her co-stars after claiming an "absolute idiot" yelled at her on set 17:40

     Rugby League:
    Add another chapter to the book of big name oval-ball code switchers 17:27

     International:
    Iran's planned strike against Israel puts the Middle East on the brink of wider conflict but other nations are baulking at the concept 17:17

     Entertainment:
    Dennis Quaid has "never been happier" in life 17:10

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