Rental prices have hit a national average all-time high
Rental prices have hit a national average all-time high
11 March 2020
The Property Investors Federation says rental prices for February hit 480-dollars a week on average, up 20-dollars from last February - and a further 20 the year before.
Dunedin recorded the highest increase of 12.9-percent, followed by Palmerston North at 10.7-percent.
Christchurch was the only area to record a negative price increase of about half a percent, with moderate increases in most parts of Auckland and Central Wellington.
Rental prices have increased by an average 3.9-percent over the last 12-months.
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