Rents shot up around the country when last year’s rent freeze was lifted, including the largest monthly rent increase in recorded history. Across the country, average rents rose 11 per cent between when rents were unfrozen on September 25 and the end of 2020. And in the period after the rent freeze ended rents have soared. Geometric mean rents (a type of average which is a good way to measure percentage changes in rents) show Wellington’s rents have surpassed Auckland’s. The book is about a renter-led uprising and a rat who inherits a Wellington rental property along with a wealth of capital gains.

Source: Stuff January 26, 2021 15:56 UTC