A new report has found New Zealand renters are better off than a year ago.

The Regional Rental Affordability Index found affordability improved in most of the country over the past 12 months, as rents ease and incomes rise.

Property Investors Federation Advocacy Manager Matt Ball says it's not the same story in every region, but renting is definitely more affordable.

"If you look at Auckland - rents have been flat in Auckland for a number of years now, so renters are in a much better position now than they have been in previous years." 

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