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Rental Price Index February 2017
The median weekly rent for a typical New Zealand house (a property that has 3-4 bedrooms) hit $500 for the first time ever in February, meaning the annual cost for tenants is now $26,000 a year, according to the latest Trade Me Property Rental Price Index.
Back in 2012, tenants were forking out $380 a week or just under $20,000 per annum for a place with three or four bedrooms. Fast-forward to today’s rental market and tenants are staring down the barrel at an additional $6,000 on their yearly bill.
Trade_Me_Property__Rental_Index_February_2017.pdf
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