Cameron Bagrie: independent economist blames several factors on rents going up by $2600 per year
Heather du Plessis-Allan Drive · Newstalk ZB
July 26, 20234m 16s
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Show Notes
A combination of factors are being blamed for increasing rents.
Trade Me data for June shows the median weekly rent has increased by $50 since last year.
That means the average renter is paying is paying $2600 more.
Economist Cameron Bagrie says landlord costs including interest rates and insurance are rising.
He says there are other factors contributing- an inflow of migrants, foreign students and workers will be helping drive the market.
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Topics
propertyTrade Merentingeconomy