UPDATE: Weekly rental increases hit city-dwellers rather than the provinces

Mon, 10 Nov 2014

( Adds Trade Me comment) By Fiona Rotherham Nov. 11 (BusinessDesk) – Trade Me Property head Nigel Jeffries said the latest 6.4 percent rise in the median weekly cost of renting a house in New Zealand is likely to continue for some time yet in the major cities while most provincial regions were still showing little movement. The Trade Me Rental price index out today shows rents rising faster than property asking prices, which indicates things are tightening up for urban tenants, he said. The new index measures rental trends for more...

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