Queenstown rentals spike 20% to $750 a week

A lack of listings and rampant seasonal demand has pushed up Queenstown-Lakes rentals. (Image: BusinessDesk)

Wed, 21 Jun 2023

Queenstown-Lakes saw its median weekly rental surge by a fifth to hit $750 last month, its highest level since February 2020, according to Trade Me’s rental price index.The region’s pricing is being impacted by resurgent post-pandemic demand, particularly from seasonal and tourism workers, and a shortage of listings. A scan of Trade Me’s auction site on Wednesday yielded only 11 results, ranging from $500 a week for a one-bedroom flat in Frankton to $1,500 for a four-bedroom home on Kelvin Peninsula.Nationally, the rental...

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