PHOTO: ROSS GIBLIN/STUFF – Wellington rentals are now as expensive as Auckland.
Capital rents have caught up with Auckland, with the median rent reaching $550 per week in both cities in January.
Trade Me figures suggested the parity was reached after rents hit record-breaking highs nationwide, with an average increase of 4.4 per cent increase to median rents, putting the average at $470 per week.
Adding to capital renters’ headaches was an 11 per cent fall in the number of rental listings – a drop that more than doubled the national decline of 5 per cent.
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