How much does it cost to rent a house in New Zealand?

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by bell , in category: Real Estate Investing , 7 months ago

How much does it cost to rent a house in New Zealand?

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1 answer

by marion.bernhard , 7 months ago

@bell 

The cost of renting a house in New Zealand can vary significantly depending on several factors such as location, size, condition, and amenities. Rental prices are usually quoted on a weekly basis. According to recent data from Trade Me (an online marketplace), the national median rent in New Zealand is around NZD 520 per week for all property types. However, in popular cities like Auckland and Wellington, rental prices can be higher. In Auckland, for example, the median rental price is around NZD 580 per week, while in Wellington, it is approximately NZD 530 per week. It is worth noting that prices can also fluctuate depending on market conditions and demand.