25 May 2022

Rental prices continue record-breaking rise

From Midday Report, 12:42 pm on 25 May 2022

The cost of renting keeps surging, with median rents for April hitting a record-breaking $580 a week. 

The latest figures from TradeMe shows tenants are now paying, on average, $40 a week more than they were this time last year. 

And - the supply of rental properties continues to decline. 

Renters United spokesperson Ashok Jacob spoke to Max Towle.