'It must be very tough for renters:' Rising rents soar in a month, Trade Me data showsSUPPLIED Becky Saxton is worried her rent may rise when new insulation requirements kick in. FIONA GOODALL/GETTY IMAGES Wage increases have not kept pace with "off the charts" rents, Trade Me Property says. New data from Trade Me shows that tenants outside the three biggest cities have experienced an increase in median weekly rents of 10 per cent over the past year. "In April 2014, the median weekly rent was $310 a week meaning an annual rent cost of $16,000. The national median weekly rent was unchanged in April, marooned on $450 for the fifth consecutive month.

Source: Stuff May 19, 2017 01:45 UTC