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News from Trade Me Limited
The median weekly rent in the Wellington region in December was a record-high $595, up 3 per cent year-on-year, according to the latest Trade Me rental price index. “The Wellington City average median weekly rent was slightly higher at $620. This put it in second place behind Wellington’s most expensive district, Porirua,” said Trade Me Property spokesperson Logan Mudge.
“Porirua’s rental market has grown throughout the year and reached another record high in December with the median weekly rent hitting $635. Porirua has become more and more popular with renters this year and it’s showing no signs of slowing down.
Press Release – Trade Me Limited
Despite a tumultuous year, the national rental market finished 2020 as strong as it started, according to the latest Trade Me Rental Price Index.
Trade Me Property spokesperson Logan Mudge said the national median weekly rent increased by 4 per cent when compared with December 2019 to $520. “Summer is typically when we see the rental market peak, and last month was no exception.
“December marks the third month we saw rents increase by 4 per cent in a row, with October and November national averages up by the same amount when compared with 2019.
“Despite the turbulence and uncertainty COVID-19 presented every part of New Zealand last year, the rental market has continued to remain very strong and we’re seeing a lot of growth nationwide since August.”
Thursday, 28 January 2021, 7:25 am
Despite a tumultuous year, the national rental market
finished 2020 as strong as it started, according to the
latest Trade Me Rental Price Index.
Trade Me Property
spokesperson Logan Mudge said the national median weekly
rent increased by 4 per cent when compared with December
2019 to $520. “Summer is typically when we see the rental
market peak, and last month was no
exception.
“December marks the third month we saw
rents increase by 4 per cent in a row, with October and
November national averages up by the same amount when
compared with 2019.
“Despite the turbulence and
uncertainty COVID-19 presented every part of New Zealand
New Zealand’s creative and cultural events will be able to apply for a funding boost to help them grow when the Creative and Cultural Events Incubator Fund opens on 1 February, the Ministry of Business, Employment, and Innovation announced today. .