Heart breaking Bay of Plenty renters struggle to find homes as prices hit new record
22 Dec, 2020 09:49 AM
5 minutes to read Heartbreaking and tear-jerking is how some agencies have described the plight of many renters who need a home. The news follows reports rents in the Bay of Plenty have hit a new record with experts warning demand for property will only increase in 2021.
Data from Trade Me reveals the median weekly rent in Tauranga in November jumped to $560, a 7 per cent increase on the same month last year. In Rotorua over the same timeframe, the median rent was $450 compared to $440.