Rents rocket in the regions

Press Release – Trade Me Property

The latest Trade Me Property Rental Index – this covers our April data.

What we’re seeing

· Rents in the regions (areas excluding Auckland, Wellington and Christchurch) are rocketing – they’ve jumped 10% in the last year

· Rents in the regions have jumped $15 between March and April

· In the last three years the annual cost of renting the typical property in the regions has gone up over $4000

· Meanwhile in Auckland median weekly rents hit a new record high in April up to $530

· The Bay of Plenty is now the second equal highest place to rent in New Zealand with Wellington on $450

· There are a number of regions surging including the BOP, Northland an Waikato

· Auckland apartments have edged closer to the $500/week mark and look set to push through that milestone in the near future


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