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1 Nov 2025 13:39
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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.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    Cricket:
    Black Caps allrounder Michael Bracewell's adamant it's all to play for despite the dead rubber nature of this afternoon's third one-dayer against England 13:26

    Rugby:
    All Blacks lock Fabian Holland is embracing a heavy workload in his rookie season with the side 13:06

    Business:
    US AI chip giant, Nvidia is rapidly propelling its stock to record highs 12:26

    Law and Order:
    She accused him of rape, but Prince Andrew's downfall is too late for Virginia Roberts Giuffre 12:06

    International:
    Virginia Giuffre's brother demands Prince Andrew investigation, wants King to pressure Trump 12:06

    Business:
    The mystery of Prince Andrew's finances and why there are calls for more transparency 12:06

    Rugby:
    A sense of deja vu for Scott Barrett ahead of tomorrow morning's test with Ireland in Chicago 11:56

    Motoring:
    Formula One's governing body has rejected criticism of Liam Lawson by Mexico's motorsport federation for a near-miss with two marshals during last weekend's Mexico City Grand Prix 11:37

    Environment:
    A warning for hikers as the Great Walks summer season begins 11:06

    Business:
    Increasing demand from Asia is forecasted to boost global beef trade in the next five years 10:46


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