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28 Feb 2026 16:48
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  •   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
     28 Feb: It's been revealed UK supermarket giant Tesco, declined the Finance Minister's invitation for a meeting to discuss the issues in our grocery sector
     28 Feb: The average Auckland ratepayer will be paying an average of 320 dollars more a year, if the council's annual plan passes
     27 Feb: Retail NZ says there could be complications created by new gift card rules
     27 Feb: Rocket Lab's continuing to thunder to new heights, posting a record revenue of 300 million New Zealand dollars in the last three months of 2025
     27 Feb: The figures showing the number of people crossing the Tasman may look worse than they actually are
     27 Feb: Queenstown's Millbrook Resort's had a record year for property sales, hotel stays, and golf rounds
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     Top Stories

    RUGBY RUGBY
    All Black Jordie Barrett is backing the talent of Hurricanes teammate Callum Harkin to step up at first five ahead of this afternoon's Super Rugby contest with the Fijian Drua in Lautoka More...


    BUSINESS BUSINESS
    It's been revealed UK supermarket giant Tesco, declined the Finance Minister's invitation for a meeting to discuss the issues in our grocery sector More...



     Today's News

    Golf:
    Kiwi Kerry Mountcastle and Aussies Curtis Luck and Lucas Herbert are tied for the lead at 14-under overall midway through the third round of the New Zealand Golf Open in Otago 16:17

    Business:
    It's been revealed UK supermarket giant Tesco, declined the Finance Minister's invitation for a meeting to discuss the issues in our grocery sector 15:27

    International:
    Facing threats of war, Denmark turns to a new weapon: women 15:07

    Soccer:
    Auckland FC are keen to benchmark themselves against the best when they face the defending A-League champions at Mt Smart this evening 14:57

    Environment:
    All Black Jordie Barrett is backing the talent of Hurricanes teammate Callum Harkin to step up at first five ahead of this afternoon's Super Rugby contest with the Fijian Drua in Lautoka 14:07

    Auckland:
    A police operation is underway in Auckland's Papakura, with one person taken to hospital in a moderate condition 13:47

    Soccer:
    Aston Villa's Champions League hopes have taken a hit after a two-nil English Premier League loss to lowly Wolverhampton 13:27

    Motoring:
    Kiwi driver Scott McLaughlin's made a bright start to the new IndyCar season in Florida 13:17

    Motorsports:
    New season, new engineer, new attitude 12:27

    Law and Order:
    A person has been seriously injured, and another arrested, following an incident on Auckland's Great North Road in Glen Eden 12:27


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