Latest Trade Me figures show rents are averaging of $475 a week which makes Tauranga the third most expensive city to rent – behind Auckland and Wellington.

Head of Trade Me, property, Nigel Jefferies, said rents were up more than 9 per cent year-on-year, and online activity suggested Tauranga remained popular with buyers and renters from Auckland.

”The growth in Tauranga’s rents suggests that supply is not meeting the demand which is driving prices.”

Demand for properties had slowed in the past month, however the supply of rentals was limited.

Up to a third of houses in Tauranga were rentals, and that’s the country-wide average.

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