Strong growth in residential rents in the last 12 month
Rental Bond data analysed by http://ow.ly/ZxKx50uVcLr shows that the average rent from new bonds received from throughout New Zealand in the second quarter of this year was $450 a week, up 7.6% compared to the second quarter of last year.
That means that on average, renters are likely to be paying around $32 more a week in rent than they were 12 months ago. And the rate of increase is also on the rise.
Click the link for the table that shows the average rent NZ wide across all districts in the second quarter of this year, and the annual percentage change for the last two years.