NZ weekly rents rise 6% in year to October, Trade Me says

Mon, 10 Nov 2014

By Fiona Rotherham Nov. 11 (BusinessDesk) - The median weekly cost of renting a house in New Zealand has risen more than six percent on a year ago, underpinned by a heated rental market in Christchurch, according to the Trade Me Property Rental price index out today. Rents are rising faster than property asking prices, which indicates things are tightening up for tenants, said Trade Me Property head Nigel Jeffries. The new index measures rental trends for more than 10,000 properties listings through Trade Me Property by private landlords...

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