Report shows rents have increased 9.4% nationally in past year

Author
Newstalk ZB,
Publish Date
Tue, 14 Dec 2021, 8:18AM
(Photo / Getty Images)
(Photo / Getty Images)

Report shows rents have increased 9.4% nationally in past year

Author
Newstalk ZB,
Publish Date
Tue, 14 Dec 2021, 8:18AM

Rental affordability has continued to deteriorate.  

A Massey University report shows rents have risen nationally 9.4 percent over the past year.  

Regions are particularly affected with Hawke's Bay seeing a 20.4 percent annual rise and the Bay of Plenty 16.4 percent.  

Renters United spokesperson Ashok Jacob told Mike Yardley rents have been rising faster than wages for a long time. 

“This is more of a slow boil crisis than something more acute, something that’s been going on for a long time that’s caused by decades and decades of mismanagement and poor policy.” 

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