Advertised rents were 3.1% lower overall in February this year compared to February last year, according to Trade Me Property.
The national median asking rent for rental properties advertised on the website in February this year was $620 a week. That's unchanged from January, but down 3.1% compared to February last year.
The only region where the median advertised rent in February was not lower than a year ago was Northland, where it was up 1.7%.
Across the rest of the country, the biggest decline was in Marlborough, down 5.8%, followed by Gisborne, down 4.4%, and Otago, down 3.3%. See the chart below for the full regional figures.
The most expensive median advertised rent was in Bay of Plenty at $660 a week, while the cheapest was in Southland at $480.
A notable change in the properties being advertised for rent on the website was the huge increase in the number that allow pets, following a change in the law setting out new rules for allowing pets in rental properties which came into effect at the end of last year.
"In February, a record breaking 39% of new rental listings that specified a pet policy were listed as "pets negotiable," a massive jump from just 13% in November before the law change," Trade Me Property spokesperson Casey Wylde said."
"This is the highest proportion we have ever seen and will be a huge relief for tenants who have struggled to find a home that accepts their furry family member," Wylde said.
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10 Comments
Landlords are legally required to accept pets now. But tenants are not legally obliged to pay for all of the damage their pets cause.
Not true. There are grounds for declining pets in a rental.
When landlords can refuse pets » Tenancy Services https://share.google/WC0Ru8rhf6H1z8geL
Turtles, all the way down.
This is purely a case of too many rental properties and too few people looking. However, this trend will likely reverse in the next 6 - 9 months thanks to the boost in net migration NZ is beginning to see.
Bringing in pauper dishwashers and fruit pickers, gonna save NZ downtrodden Landlords?
Racial profiling much? I think you need to give a little more credit to the quality of migrants our fine country receives.
Your the only one here Hammy, mentioning and focusing on race, what a total tosser statement. We take what immigrants we can and NZ is not their first choice, we are getting the poorer third world rolling up. Gooood luuuuck extracting their blood, as you do.
You do all slummlorders reputation proud.
You just want to milk renters for their last drop of blood. You seem angry that they all have the power now and into the future, as home prices and rents continue this crash.
Hope your tenants all find a better Landlorder, at a cheaper price......
Dont think the point Hamish made was that wild at all, migration affecting rental demand is pretty basic supply/demand.
Your reply just comes across more like a vent than actually responding to that, especially after the “pauper dishwashers” comment above
Fine of course to disagree, just doesnt need to get personal
For Hammy to start with racial comments, is not what we are here for.
The fact that that third world are turning up in NZ, is no revelation.
Well thats kinda the point tho, the “pauper dishwashers” & “third world turning up” stuff is why it got taken that way.
Hamish was just talking migration and demand, nothing about race.
If you disagree with his take, then fair enough, just stick to that rather than going off on everything around it
<double post>
How the great have fallen.
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