More properties being turned over to short-term letting and pressure from a growing tourism sector are getting the blame for a rent crunch in Queenstown.
Rental data from Trade Me this week showed the city was still the most expensive place to rent in New Zealand.
People offering properties for rent on the site were asking a median $790 a week.
That was up 12.9 per cent since January, and $240 a week more than the median Auckland asking rent.
The number of rental listings was down 18 per cent on a year earlier.
Auckland rents, meanwhile, were unchanged at $550 a week. The number of rentals available was up 11 per cent on last May. In the central Auckland region, available listings increased by more than a quarter.
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