NZ weekly rents rise 5.3% in November as annual increases slow

Sun, 14 Dec 2014

By Paul McBeth Dec. 15 (BusinessDesk) - Median national housing rents rose at an annual pace of 5.3 percent in November, slowing from a month earlier as rental prices continue to plateau, according to online auction site Trade Me. The national median rent was $400 a week across all property types in November, unchanged from October, and slowing from a peak annual increase of about 8 percent in September, Trade Me said. Christchurch rentals continued to drive the increase, up 5.9 percent at $450 a week from November 2013, while Auckland re...

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