Wellington Inner City Listing Shortage?

Listings in the central city continue to follow 2010 listings suggesting a lack of growth in rental properties going into a recovery. This may drive prices higher.

Notice that 2012 followed 2011 for the first half of the year, i.e. a growth on 2010, but then followed 2010 as the distortion caused by RWC changed the 2011 data. i.e. there was growth in rental listings from say Feb 2010 to Feb 2011, but none since.

A shortage of listings seems to match rising prices.

Jonette 2011