Supply is slowing in Auckland, but remains at near all-time highs. Listings remain as high as 2014. This market remains dangerous for investors.

Increasing numbers of private rentals are becoming available in Auckland. Inventory is rising towards the top of the last 10 years. There is absolutely no shortage of properties available for rent in the private market. However, note that does not exclude the possibility of a severe shortage of properties in the subsidised rental market, namely the Government or council housing markets.

2018 sees the continuation of growth in the Auckland market, but very slowly. The thick black line of 2018 is the highest it has been in 8 years.

Turnover does not appear to be a driver either. I cannot put turnover as a percentage on the same chart so have multiplied it by 1000, as you can see it has barely changed, listings are close to equalling new bonds, suggesting it takes about a month to tenant a new listing.

Turnover in Auckland contrasts with Wellington where there is a serious shortage of listings

This is how Auckland rents compared with household incomes for Auckland Territorial Authorities.

Jonette 2011