Rental shortage Nationwide

The housing market is heading into new territory as the election approaches, with listings throughout the country dropping to long-term lows, suggesting a shortage of homes for people to move to anywhere in the country.

The black line on the chart below is in uncharted territory due to all major centres showing fewer listings:

  • Auckland heading south little
  • Hamilton & Tauranga staying the same
  • Wellington dropped from 2.5% to 1.5%
  • Christchurch finally reacting tooverbuild, dropping from oversupply at almost 4% down to 3%

Does this mean NZ is running out of properties overall? Most likely

Jonette 2011