Minimum, median
From the Herald
Auckland renters can expect to pay a minimum $400 a week – regardless of property type or size, according to Trade Me Property’s monthly report on median rents across New Zealand.
From a quick TradeMe search for Auckland rentals, with an upper limit of $350 a week: 525 listings.
What they mean is that the median is at least $400/week in every category of property type or size, not the minimum. That’s a bit clearer from the press release, which has data tables that the Herald didn’t print, but even that starts
A property renter in Auckland can now expect to pay $400 per week regardless of property size or type
Thomas Lumley (@tslumley) is Professor of Biostatistics at the University of Auckland. His research interests include semiparametric models, survey sampling, statistical computing, foundations of statistics, and whatever methodological problems his medical collaborators come up with. He also blogs at Biased and Inefficient See all posts by Thomas Lumley »
Agree with your main point but a large number of those 525 properties are just for one room in a shared house (they should be in the flatmates wanted section but aren’t for whatever reason).
9 years ago
I did check a bunch of them for that.
9 years ago
Auckland renters can expect to pay a minimum $400 a week – regardless of property type or size, according to Trade Me Property’s monthly report on median rents across New Zealand.
The media appears to be just under $500. What percentage of people should expect to pay well below the median for rental accommodation?
Some will pay less than the median. Some more? But what should people expect to pay?
9 years ago