19/12/2020
Watch: Demand soars for Wellington property, putting pressure on renters Credits: Video - Newshub ; Image - Getty
Aotearoa s national median rent is $520 per week - in city centres like Wellington and Auckland, tenants can expect to pay more for their housing. But what about the towns that are less travelled?
High rent prices are no longer just a city problem - lower socioeconomic areas are seeing housing costs outstrip incomes and it s forcing New Zealand s most vulnerable out of the market.
Moerewa, a small town in Northland, is seeing its prices skyrocket, and the chair of the local marae says it s unsustainable.