More squeeze on tenants as rents around the country surge over by an average of 6%. 

The latest CoreLogic housing stats show rental growth's running at historically high levels, rising 6.1% in the year to October. 

It's roughly double the average growth rate over that same period, which is 3.2%. 

Chief Property Economist Kelvin Davidson says high levels of migration is one of the main drivers. 

He says wages have risen and the supply side has been tight as investors haven't been adding more to their stock of rental properties. 

Davidson says this rise in rents is mainly driven by demand.

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More squeeze on tenants as rents around the country surge over by an average of 6%.  
The latest CoreLogic housing stats show rental growth's running at historically high levels, rising 6.1% in the year to October.  
It's roughly double the average growth rate over that same period, which is 3.2%.  
Chief Property Economist Kelvin Davidson says high levels of migration is one of the main drivers.  
He says wages have risen and the supply side has been tight as investors haven't been adding more to their stock of rental properties.  
Davidson says this rise in rents is mainly driven by demand. 
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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...