Rental prices jump, Canterbury leads the charge

Thu, 19 Jan 2023

Rental prices in December were up 3.9% year over year, according to the latest monthly rental price index stock measure from Statistics New Zealand.This represented a 0.3% monthly increase from November, continuing the trend for the year.It was a slightly lower year-on-year increase than seen in the previous four months, which was between 4% and 4.1%.The flow measure, which only reflects the price of new tenancy agreements, was much more sedate with no change from the previous month and just a 0.8% increase from December in the previous year.Th...

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