� NZ Rental Market Update: Record High Supply! �

New Zealand is seeing an unprecedented number of rental listings, up 24.1% from last year! This surge is driven by:

• Short-term rentals shifting to long-term
• Younger renters staying home or moving overseas
• A slow property sales market leading investors to rent
• Developers renting unsold new builds

What does this mean for landlords? Many are finding it harder to secure tenants, with extended vacancies now a top concern. Consider adapting your strategy:

• Shorter/periodic leases
• Pet-friendly options
• Modest incentives (e.g., 1 week free rent)
• Realistic market pricing

The Outlook: Crockers anticipates this oversupply is temporary. With building consents at a six-year low and positive net migration, demand is expected to outpace supply in the next 12-18 months. This means shorter vacancies and likely rising rental prices by 2026!

Read more about Auckland rental prices and market insights. NZ Rental Supply at a Record High: What Investors Should Know