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Rents end the year where they started
Rents end the year where they started
While property prices rose around the country in 2015, particularly in Auckland, rents didn’t keep pace according to Trade Me Property’s latest rental figures.
Head of Trade Me Property Nigel Jeffries said that median asking rent across the country ended the year almost exactly where it began in January, at $420.
“While we expect there will be a rental adjustment this month as more properties come onto the market in the New Year, it’s not going to keep pace with the explosive for sale market.
“There was a rent adjustment in January 2015 of about 5 per cent on the previous month, which added $20 a week to the average weekly rent paid by tenants. We’d expect to see a similar jump this year.”
Full Report: Trade Me Property Rental Index Dec 15
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