• Tenants in Auckland and Wellington are being asked to pay more despite New Zealand’s median weekly rent remaining unchanged at $440, according to the October edition of the Trade Me Property Rental Index.

Head of Trade Me Property Nigel Jeffries said the national median rent was up 4.8 per cent year-on-year. “The median weekly rent hasn’t budged from $440 for four consecutive months but for the first time since April, Auckland tenants are being asked to cough up more. In the Super City they are being asked to pay $510 a week, an increase of $10 on the $500 mark where rents have been stuck for six months.