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27 Sep 2020 18:13
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  •   Home > News > Business

    No signs demand for rentals will cool anytime soon

    No signs demand for rentals will cool anytime soon


    Trade Me's November Rental Property Index shows a nationwide median weekly rent rise of 4.2 per cent year on year.

    Demand for properties was also up 17 per cent.

    Trade Me Property's Aaron Clancy says until there's a spike in supply, high rents will be the new normal.

    He says for about a year now they've seen strong growth in rental prices and the number of tenants looking for a property.

    © 2020 Newstalk ZB, NZCity


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