A rental website shows Porirua is now New Zealand's most expensive region to rent a house, ahead of Wellington and
Trade Me's rental price index puts the median rental in Porirua at $625 a week - with rents rising by 25 percent since
Trade Me's property spokesperson Logan Mudge told Morning Report Porirua had edged ahead of Wellington as the most expensive place to rent.
Wellington's median rental is $600 a week.
"It's the Porirua district which encapsulates Tawa north until about we hit Kapiti, so rents have been climbing all
year, sort of neck-and-neck with Wellington city and we saw this jump in September which is pretty incredible.
"Demand is up, and I guess landlords are able to make the most of that and claim top dollar for those properties they
have got there."
Mudge said Porirua had a lot of bigger housing rather than townhouses or apartments, which could cost less.
"In Porirua and around Porirua there are some big subdivisions ... with big houses, so they can command some pretty
hefty rents. And thanks to the lockdown and so on, people are happy to venture out of the city when they can work from
home and so on.
"When you think about Porirua you think about more working class and less affluence but it certainly has those bigger
suburbs now which are attracting big rents and big property prices, too.
Demand was "massive" in the capital, and the supply of housing never seemed to keep up with it, Mudge said.
He expected rental and sale figures would climb.
In Auckland, things seemed to have slowed a bit, Mudge said.
"Demand and supply are levelling out. Auckland is still seeing price rises, but nothing like Wellington."
Auckland's median weekly rent was $570. Nationally, the median weekly rent was $510 in September, while rents have risen
three percent in the last year.
Demand in September was up in all but four regions when compared with the same month last year, with the Bay of Plenty
(32 percent), Nelson/Tasman (26 percent), Hawke's Bay (25 percent) and Canterbury (23 percent), all seeing demand
increase by more than 20 percent year-on-year, according to Trade Me.