Today in History


Wellington rental inventories (listings) decline is starting to slow down with the latest up from -40% to -30%, while the BoP remains very low, while Auckland inventory is about normal, i.e. about 20% above the level at the time of the Christchurch Earthquake. Maybe it is time for me to re-set the index.

Note the oversupply in Christchurch - looking at rents, no surprise rents continue to drop.

Jonette 2011