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23 Apr 2024 18:03
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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.

    © 2024 Newstalk ZB, NZCity

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    Former New Zealand league, union and sevens representative Honey Hireme-Smiler believes there'll soon be women's athletes playing Super Rugby Aupiki and NRLW in the same year More...


    BUSINESS BUSINESS
    Auckland Council has managed to score a trio of wins over three RMA breaches More...



     Today's News

    Law and Order:
    The Independent Police Conduct Authority's found two officers used unjustified force against youths who lay down on a South Auckland road 17:57

    Rugby:
    Former New Zealand league, union and sevens representative Honey Hireme-Smiler believes there'll soon be women's athletes playing Super Rugby Aupiki and NRLW in the same year 17:37

    Entertainment:
    Dua Lipa feels "very close" to people living in war zones 17:33

    Auckland:
    Police have confirmed a child has died after a crash on a driveway in Waiuku, south of Auckland 17:27

    Entertainment:
    Taylor Swift has marked the release of her new 'Fortnight' music video by revealing a recent two weeks in her life featured kisses from her boyfriend and partying 17:03

    Law and Order:
    A man has been arrested - accused of assaulting a bus driver in Auckland's Ponsonby 16:57

    Entertainment:
    Kirsten Dunst gets so busy being a mum her shower time is no longer "sacred" 16:33

    Business:
    Auckland Council has managed to score a trio of wins over three RMA breaches 16:17

    Entertainment:
    Catherine, Princess of Wales' recovery from preventative cancer treatment is said to be "going well" 16:03

    Rugby League:
    Two-time NRL premiership winner Dale Finucane has confirmed repeated head injuries have forced his immediate retirement from rugby league 15:38


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