Issues / July 2025
September 2025 | April 2025-
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It’s a Renters World, and We’re…Not Living in it?
- Salient
- You may have seen headlines telling you that Wellington rental prices are dropping, that it’s a renter’s market, or that with the exodus of public service workers from the capital, landlords are getting desperate. To some extent, that is true, and to a greater extent, it’s not. Salient asked Trade Me about the current perceptions of the rental market. Year on year, the asking price for a property in Wellington was down 2.9%, and since September 2024, Trade Me saw a 28% increase in the number of rental listings in the city. These figures might lead you to believe that rents are dropping. Well, they’re not (in most places). Between December 2024 and January 2025, the median rental price went from $650 to $675 according to Trade Me’s data.
- Submitted by tonytw1
- Tagged as:
- housing
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