A combination of factors are being blamed for increasing rents.

Trade Me data for June shows the median weekly rent has increased by $50 since last year.

That means the average renter is paying is paying $2600 more.

Economist Cameron Bagrie says landlord costs including interest rates and insurance are rising.

He says there are other factors contributing-  an inflow of migrants, foreign students and workers will be helping drive the market. 

LISTEN ABOVE

A combination of factors are being blamed for increasing rents.
Trade Me data for June shows the median weekly rent has increased by $50 since last year.
That means the average renter is paying is paying $2600 more.
Economist Cameron Bagrie says landlord costs including interest rates and insurance are rising.
He says there are other factors contributing-  an inflow of migrants, foreign students and workers will be helping drive the market. 
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.