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Bay of Plenty is now New Zealand's most expensive rental region, surpassing Auckland.
New Zealand’s Bay of Plenty has become the most expensive region for renters, overtaking Auckland for the second month in a row.
While the national median rent fell slightly to $620 weekly, marking a five-month decline, some areas like Tauranga saw prices rise.
Experts note that economic pressures are causing tenants to prioritize affordability and transport access, with supply shortages and demand for larger homes continuing to complicate the market.
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Bay of Plenty es ahora la región de alquiler más costosa de Nueva Zelanda, superando a Auckland.