Today in History

Wellington rental inventories (listings) decline has slowed to settle at just above 1%, along with Hamilton and Tauranga. Rents in these cities are under severe pressure in catchup mode - see the latest Eastbourne rents shown hereand the 3 major city wide rent rises shown here

Auckland inventory is about normal, i.e. almost 3%, just under the level at the time of the Christchurch Earthquake. The rental increases over the last couple of years appear too high, so pressure may increase to drop/hold prices as competition heats up with increasing houses.

Note the oversupply in Christchurch is coming down - looking at rents, no surprise rents dropped so much.

Jonette 2011