Sharon Cullwick: NZ Property Investors' Federation Executive Officer on why rents are rising so steeply right now
The national median rent is now a record-breaking $575 a week.
This is from TradeMe's Rental Price Index, which also says new highs have been hit in the Bay of Plenty, Northland and Taranaki.
In a recent survey of property investors by economist Tony Alexander, 78 per cent said they’re planning to raise rents within six months.
New Zealand Property Investors' Federation Executive Officer Sharon Cullwick joined Andrew Dickens.
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