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8 May 2021 23:11
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      Home > News > Business

    Housing is seeing record-shattering surges in rent across the board

    Housing is seeing record-shattering surges in rent across the board


    According to the latest Trade Me Rental Index, the average property saw an increase of six percent from the same time in 2020 - the biggest jump in two and a half years.

    Rents in every region have had a bump, with Hawke's Bay topping the list - seeing a rise of nearly 14 percent.

    Trade Me Property Sales Director Gavin Lloyd says supply isn't keeping up with demand so rents could continue to climb.

    © 2021 Newstalk ZB, NZCity


     Other Business News
     08 May: Auckland's dam levels have dipped below 50 percent again
     08 May: Auckland's in the middle of a building boom with more than 17-thousand new homes completed across the city in the past two years
     07 May: A win for some private sector workers while the public sector gets rocked
     07 May: Cruise ship operators could be inching closer to starting up business again
     07 May: The dairy industry's pushing for New Zealand to be able to sell dairy products to the UK tariff free
     07 May: The chief of Southland's Tiwai Point aluminium smelter is moving on
     07 May: Investment in rail, trucks and shipping is necessary for efficient freighting around the country
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     Today's News

    		 Environment:
    Northpower has restored power after a large electricity outage north of Whangarei 22:47

     Auckland:
    A woman's been found dead, inside the Harvard on Hobson apartment block in Auckland's CBD 21:57

     Law and Order:
    Police are making enquiries after the death of a woman in central Auckland, earlier this evening 21:17

     Rugby:
    The hunger for winning titles is far from fading at the Crusaders 18:37

     Rugby League:
    Relief for the Warriors' coaching staff, with key players returning from injury 18:07

     Sailing:
    Kiwi sailors Josh Junior and Andy Maloney are prepared to race in whatever conditions are thrown at them 17:57

     Rugby:
    Crusaders wing Sevu Reece wants to make sure he's involved in tonight's Super Rugby Aotearoa final against the Chiefs in Christchurch 17:37

     Living & Travel:
    The National Party's Arts, Culture and Heritage spokesperson says senior Te Papa staff should pay out the cost of their travel to a turtle funeral 17:37

     International:
    International Olympic Committee vice-president John Coates says the Tokyo Games will go ahead because organisers have designed a custom-made Olympic bubble to protect athletes and the Japanese people 17:27

     Rugby League:
    Former Warriors centre Krisnan Inu is under investigation by his Super League team after his comments surrounding Jarryd Hayne's sentencing 16:57

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