Wellington Propertyscouts

Trademe reveals soaring rental demand in Wellington - 18th Jan 2018

Trademe reveals soaring rental demand in Wellington A Radio New Zealand article posted today reports that Wellington rental prices for December has risen by about $30 since October, Trade Me figures show.  The Trade Me Property Rental Index showed the median rental price had risen from $450 to $480 in two months. It also reported that there was about 70% fewer rentals available compared to 12 months previous and nationwide, rentals had halved since December 2016. Wellington's rental prices rose 6.7% in the year compared to 2.2% nationally. 

The article says that the Property Investors Federation warned earlier in the year that landlords were taking their properties off the market before new rules came into play (Healthy Homes (Guarantee) Bill). 

For the full article click here: www.radionz.co.nz/news/national/348366/trademe-reveals-soaring-wellington-rental-demand

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