While this story is another soft TradeMe plug, thanks to their deal with Stuff, it does provide a snapshot of NZ's rental market.
Apparently Otago has reached the unenviable position of having the highest rents in the country at $700pw average, compared with the national median of $625.
"New listings in the region are down close to 15% year on year, the biggest supply drop anywhere in the country, while demand is up 5%."
The Otago figure will always be skewed by the Queenstown rental market with its higher rents and greater numbers of top-end rentals. But $700pw for an average rental?
How can ordinary people afford this?
https://www.stuff.co.nz/home-property/361037594/countrys-priciest-rent-region-thats-overtaken-auckland-and-bop
#Otago #Rent #Dunedin #NZ
Bob LeFridge :tinoflag:
npub1nf…t2u7y
2026-09-25 00:07:56 UTC
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2026-09-25 00:07:56 UTCEvent JSON
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"content": "While this story is another soft TradeMe plug, thanks to their deal with Stuff, it does provide a snapshot of NZ's rental market.\n\nApparently Otago has reached the unenviable position of having the highest rents in the country at $700pw average, compared with the national median of $625. \n\n\"New listings in the region are down close to 15% year on year, the biggest supply drop anywhere in the country, while demand is up 5%.\"\n\nThe Otago figure will always be skewed by the Queenstown rental market with its higher rents and greater numbers of top-end rentals. But $700pw for an average rental? \n\nHow can ordinary people afford this?\n\nhttps://www.stuff.co.nz/home-property/361037594/countrys-priciest-rent-region-thats-overtaken-auckland-and-bop\n\n#Otago #Rent #Dunedin #NZ",
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