Christchurch rents leap 26%, national rents up 4%: Trade Me

Thu, 05 Jul 2012

July 6 (BusinessDesk) - Rents in Christchurch have sky-rocketed 26 percent in the past year while nationally rents are up just 4%, according to Trade Me Property's analysis for the three months ended June compared with the same quarter last year. At the same time, listings of houses for rent in Christchurch are down 34 percent, even as demand, measured by the number of enquiries, has jumped 47%. Nationally, listings are up 4 percent while demand is steady. “The news for prospective Christchurch tenants is still grim,” said Brendon Skipper, he...

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