Median rentals jump 10% to $550 a week: Trade Me

Rental prices getting back to market. (Image: Deposit Photos)

Thu, 26 Aug 2021

Rents spiked by 10% to a national median of $550 a week in July, the biggest year-on-year increase in at least six years, according to Trade Me’s rental price index.Trade Me property sales director Gavin Lloyd said while that was only a slight increase from the $545 median in June, it followed a “stagnant” three months from March to May.He said it marked the largest price growth recorded by the site since it started measuring rents in 2015. Trade Me numbers show the highest median weekly rent is found in Auckland, at $595, whi...

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