Accommodation costs - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Sun, 30 Apr 2023 19:33:04 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg Accommodation costs - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 Rents for apartments, small houses soar as median rent remains at record high https://cathnews.co.nz/2023/05/01/rents-for-apartments-small-houses-soar-as-median-rent-remains-at-record-high/ Mon, 01 May 2023 05:54:02 +0000 https://cathnews.co.nz/?p=158294 Rents for small houses have reached record-breaking new highs with the median weekly rent for an apartment hitting $540 per week, according to the latest Trade Me Rental Price Index. Rental figures for March 2023 show rents for apartments and one to two-bedroom homes are soaring. The median weekly rent for apartments is up 8 Read more

Rents for apartments, small houses soar as median rent remains at record high... Read more]]> Rents for small houses have reached record-breaking new highs with the median weekly rent for an apartment hitting $540 per week, according to the latest Trade Me Rental Price Index.

Rental figures for March 2023 show rents for apartments and one to two-bedroom homes are soaring.

The median weekly rent for apartments is up 8 percent year-on-year while small houses (1-2 bedrooms) jumped 4 percent to $520 a week - both record highs.

Trade Me Property Sales Director Gavin Lloyd said several factors are driving the popularity of smaller homes including the cost of living crisis and fewer people having children. Read more

Rents for apartments, small houses soar as median rent remains at record high]]> 158294