Boom rockets house rents

The return to normality expected after the "Last Samurai effect" – which saw rents reach unprecedented levels – has not happened, say rental agents.

They have waiting lists for rental housing, where the average rate for a two-bedroom unit has risen 33% in a year, going from $150 a week to $200. A three-bedroom house in New Plymouth now rents for an average $250 a week, compared with $200 this time last year.

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