News | Business
8 Feb 2026 10:03
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Solving all-time high median rents won't be an easy fix

    Solving all-time high median rents won't be an easy fix


    TradeMe
    TradeMe
    It comes as TradeMe's Rental Property Index shows the national median weekly rent reached a record-breaking 580 dollars in April.

    It was the second month rents jumped seven-per cent year on year, with tenants paying 40 dollars more than this time last year.

    TradeMe's Gavin Lloyd says one of the reasons that are big problems is that a lot of costs are being put into the market.

    He says the other issue is the chronic shortage of housing around the country, which has had a significant impact.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     08 Feb: People still advised to stay away from the beaches on Wellington's South Coast, with no swimming, collecting kaimoana or walking dogs following the sewage leak
     07 Feb: Iran's mysterious Pickaxe Mountain a 'candidate' for new nuclear activities
     06 Feb: A property manager says the numbers of students looking for flats is lower than previous years
     06 Feb: More New Zealanders appear to be opting for a city-break this Waitangi weekend
     06 Feb: Why corporate America is mostly staying quiet as federal immigration agents show up at its doors
     06 Feb: Auckland's train network is shutting down again this weekend - only eight days after fully reopening for the new year
     05 Feb: A 53-year-old man's been arrested and charged in relation to a suspicious fire at a commercial premises on Oruanui Street in Taupo's CBD on Tuesday night
     Top Stories

    RUGBY RUGBY
    Welsh rugby is still in crisis...spanked 48-7 in their opening Six Nations match against England at Twickenham More...


    BUSINESS BUSINESS
    People still advised to stay away from the beaches on Wellington's South Coast, with no swimming, collecting kaimoana or walking dogs following the sewage leak More...



     Today's News

    Basketball:
    A game-high 27 points from Izaiah Brockington has led the Breakers to an 11-point win over the Illawarra Hawks in Auckland...with the American import revealing he'd like to return to the Breakers next season 9:27

    International:
    After the uprising, Bangladesh returns to the ballot with its wounds still open 8:07

    Soccer:
    Auckland FC still heads the OFC Pro League standings, despite a Round 2 loss to the Solomon Kings in Papua New Guinea 8:07

    Rugby:
    Welsh rugby is still in crisis...spanked 48-7 in their opening Six Nations match against England at Twickenham 7:57

    Rugby:
    Both New Zealand teams have made the semi-finals at the World Series event in Perth 7:57

    Business:
    People still advised to stay away from the beaches on Wellington's South Coast, with no swimming, collecting kaimoana or walking dogs following the sewage leak 7:47

    Accident and Emergency:
    Investigations are underway after a house fire in Ashburton 7:47

    Rugby:
    The New Zealand men's sevens team has snuck into the semi-finals of the Perth Sevens, despite losing two of their three pool matches 7:37

    Skiing:
    Kiwi skiers Luca Harrington and Ben Barclay are through to the freeski slopestyle final at the Winter Olympics in Milan-Cortina 7:27

    Cricket:
    No surprises in the opening three matches of cricket's T20 World Cup 7:17


     News Search






    Power Search


    © 2026 New Zealand City Ltd