Wellington Market Insights | Feb 2020

Throughout Wellington tenants are increasingly choosing to extend their tenancy, creating more demand for rental properties that do enter the market. This Summer 82% of our tenants have chosen to extend their tenancy and only 18% have changed properties.

According to Trade Me insights, rents in Wellington City have been rising the fastest out of the main centers, including Auckland.

The Wellington region is now the most expensive in the country at a record breaking $580 median rent per week and the number of enquiries Trade Me are seeing on rental properties in the Wellington area are described as extraordinary.

The high tenant demand and rents means Wellington continues to look good for savvy investors who are holding onto their properties and looking to grow their portfolio, as they know capital gains are rising and so are rent values, allowing costs to be covered associated with Healthy Homes, while improving cash-flow.

If you'd like a free no-obligation rental appraisal on a property you're considering investing in, call 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 Managers