Auckland seriously short of Rental Properties?

Rental property listings on Trademe in Auckland are testing new territory. They are now 20% below the long term average for this time of year and are actually the lowest ever in my records back to 2009.

Is that LVR, property prices or what? No level of seasonal debate can match these changes, the reduction since this time last year is 1000 homes, down to a bit over 3000 homes.

Wellington is down about the same but that is not quite so unusual, although only a little above 2009 - when Trademe may not have been so dominant in online advertising.

Jonette 2011