19 June 2025
NZ see’s another month of rental fall
Trade Me reported in their Property News and Advice blog post, on 23rd May, that New Zealand’s national median rent fell for the second month in a row. While the weekly median rent stayed steady in February, it dropped by 0.8 per cent in March, and saw another drop in April. This has contributed to an overall year-on-year decrease of 3.1 per cent.
To view the full article click here.
This decrease in rents has also been experienced by us as we have tried to rent out vacant properties over the last one year. In most cases we have had to decrease the asking rent to a level below last year’s rents to avoid the properties from remaining vacant. In one particular case where the tenant was paying a rent of $520 per week for a one bedroom apartment in Mount Eden, they informed us that a two bedroom apartment next door was being advertised for the same rent. We had to reduce the rent to $480 per week to retain the tenant.
Market for residential property sales remains slow
As per the latest REINZ May 2025 property report, the data shows a 3.5 % decrease in the Auckland median sale price, compared to the same period last year and a 3.3% increase in the sales count. Compared to the previous month, the Median Price is down 2.5% and Sales Count is down 0.6%. REINZ reports that there is a lack of confidence in the current market.
To view the full REINZ report, click here.
Property Investor Insights May 2025
Economist Tony Alexander shares his insights in his latest Property Investor report, which compiles the response he has received from 296 property investors. The results show the following:
- A record net 33% of landlords are now finding it hard to get a good tenant. A year ago, a net 14% found it easy.
- Deep concerns remain about insurance costs and council rates.
To view the full report, click here.
NZHL Property Report April 2025
Economist Tony Alexander shares his insights in his latest NZHL Property report, which compiles the response he has received from 263 real estate agents. The results show the following:
- Fewer people are attending open homes and auctions, and more agents report that overall house prices are falling.
- A strong buyer’s market is in play however buyers are holding back amidst continuing worries about employment.
- The positive impact on the housing market of falling interest rates appears to have run its course for now.
To view the full report, click here.
Auckland median sale price movement over last 5 Years (May 2020 – May 2025)
Graph is based on statistical data published by REINZ.
For Rent
| 16 San Casello Rise, Henderson | 4/56 Connell Street, Blockhouse Bay |
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| $750 Per Week | $875 Per Week |
| 4 Beds, 2 Baths, 2 Cars | 4 Beds, 3 Baths, 2 Cars |
| 25 B Barrack Road, Mount Wellington | 5 Pihoihoi Place, Hobsonville |
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| $690 Per Week | $865 Per Week |
| 3 Beds, 1 Bath, 1 Car | 4 Beds, 2 Baths, 1 Car |
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