Median rents in the Bay of Plenty reached an all-time high this year as landlords prepare for new legislation to take effect. One housing expert says the insulation standards are just the beginning and landlords need to be prepared to meet the "tsunami" of new legislation coming in over the next few years. Zizi Sparks reports.

Ministry of Business, Innovation, and Employment figures reveal the median rent in the Bay of Plenty reached an all-time high of $448 a week in May, before dropping slightly to $441 in June but still up 4.5 per cent from $422 in June last

Advertisement
Advertisement