Statistics NZ said the rise was likely caused by strong demand as well as new rental standards for landlords. Rents rose at the fastest pace in more than a decade in 2019, official figures show, amid strong demand and new rules for accommodation. Statistics NZ said the rise was likely caused by strong demand as well as new rental standards for landlords. Rents in Wellington increased 4.5 per cent in 2019, by 1.9 per cent in Auckland and 1.3 per cent Canterbury. Petrol prices also rose 1.6 per cent in the December quarter, but were down 0.8 per cent for 2019 as a whole.

Source: Otago Daily Times January 23, 2020 22:30 UTC