Wellington Urban Housing Shortage

Unlike Auckland, Wellington really does have a property shortage. Inventory is now at an all-time low, not only in houses for sale, but also houses for rent. This data covers all listings on Trademe for Wellington City, Porirua, Lower Hutt and Upper Hutt.

Less like Auckland, prices are not the main issue, it is simply a shortage of listings or as the real estate industry likes to term it - inventory.

Rental listings are well below 1000, compared with a more typical 1400 in the last 6 years, in fact last year was low with 1300 listings at this time.

Sales listings in the same urban areas are also breaking new ground with under 1000 listings. But this is a serious shortage compared to a normal level of 2300, even last year when there was already a shortage, there was 2000 at this time.

Jonette 2011