New Zealand's average rent has gone through the roof and is sitting at an all-time high.  

Latest Trade Me figures show the national median rent is $625 a week, about 7.8% percent higher than this time last year.

For the first time, the Bay of Plenty is the most expensive place to rent a home, at $670 a week.

Property Commentator Ashley Church told Roman Travers that when the cost of owning a property is weighed against the rent taken, most property investors have been running at a loss for about a decade.

He said that the market is rebalancing with the change in Government, and a dramatic rent reduction is expected over the next few years.

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New Zealand's average rent has gone through the roof and is sitting at an all-time high.   
Latest Trade Me figures show the national median rent is $625 a week, about 7.8% percent higher than this time last year. 
For the first time, the Bay of Plenty is the most expensive place to rent a home, at $670 a week. 
Property Commentator Ashley Church told Roman Travers that when the cost of owning a property is weighed against the rent taken, most property investors have been running at a loss for about a decade. 
He said that the market is rebalancing with the change in Government, and a dramatic rent reduction is expected over the next few years. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.