Wellington


In contrast to Auckland, Wellington is short of private rental properties and has been for over 2 years.

Sales inventory is extremely low, below 50% of normal levels



Rental inventory compared with the same time of year over the last 4 years, i.e. a seasonal chart (the jerky nature is due to the data being collected every Monday and they do not fall on the same working day every year

Notice that the thick black line of 2017 starts well below previous years and remains 40% below average levels at this time off year.


Sales listings are also well down on previous years. This information is available through REINZ, but here is the Trademe data. The shortage has now been visible for 18 months although this years line is now above last years, at 1000 it is almost 1/3rd of the average of the last 8 years and well below the 2014 level of 2200.


Jonette 2011