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Plunging Rental Property Listings in Wellington

The pool of Wellington properties advertised for rent on Trade Me has dropped further from 674 to 568 throughout the region this month.

Individual suburbs around Wellington are either declining or remaining static in Trade Me rental property listings, with no suburb significantly increasing in property numbers advertised. Northland is well down in Trade Me rental listings with 67% less listings than 3rd July 2016. Other notable suburbs following this trend are Tawa with 30% less listing, Oriental Bay with a 25% decline in listings, and Miramar with 32% fewer properties advertised than this time last month.

Compared to last year, Wellington Central has greatly changed, with 44% fewer rental listings than Early August 2015 when there were 124 rental listings on Trade Me compared to the 69 now. This low number suggests people are more attracted to the city centre this year and are staying. If the number of properties advertised remains low we may expect rents to slowly increase.

If you're considering Property Management get in touch with us today. Locally owned and managed, we offer residential property management services across the entire Wellington & Hutt Valley region.

We take care of investments, offering peace of mind and a personal service to investors and tenants alike. Our solutions are backed by industry-leading technology and proven systems that promote both excellent property care and strong investment returns. Taking on all aspects of the landlord’s role, we guide our clients with professional, tailored advice using our extensive experience and insight in the rental market that can only be built over time.

If you would like to chat about the possibility of working together, or to receive a no-obligation, FREE Rental Appraisal get in touch with our team today.

Quinovic Johnsonville | Wellington

Call Jordan Atkinson - 027 297 0873

Quinovic Hutt Valley | Wellington

Call Helen Vance - 027 487 8103

Quinovic Kent Terrace | Wellington

Call Jordan Atkinson - 027 297 0873

Quinovic Wellington Property Management

Article written: August 2016


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