New data reveals that Trade Me Property rental listings have hit a more than 10-year high.
Year-on-year comparisons show rental listings to be up by 41 per cent in March 2025, with inventory at the highest it’s been since early 2014.
Trade Me Property Customer Director, Gavin Lloyd says “those seeking residential rental accommodation should feel empowered, there’s a wider range of options available and tenants have more negotiating power than they have had in years.”
National rent down in March
The national median weekly rent in March fell 0.8 per cent or $5 on February to $635, and is down 2.3 per cent year-on-year.
“Compared to March 2024, tenants are saving an average of $15 a week, which would add up to just under $800 a year.
“With a rental market that’s historically favored landlords, the changing dynamics and cost-saving benefits are sure to be warmly welcomed by renters.”……
