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New Zealand's median weekly rent hits record $520, but surge in listings may cool prices.
In January, New Zealand's national median weekly rent rose by $10, reaching a record high for units at $520 per week.
Despite this increase, rental listings surged by 13% nationally compared to December, potentially leading to future downward pressure on prices.
This uptick in available rentals, particularly in Auckland, Wellington, and Canterbury, could make the market more competitive for landlords.
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La mediana del alquiler semanal de Nueva Zelanda alcanza el récord de $520, pero el aumento en los listados puede enfriar los precios.