Trade Me Property Reports Rental Market Oversupply and Decreasing Rents

Picture of PropertySage

PropertySage

TRUSTED PROPERTY MANAGEMENT

Trade Me Property reports an oversupply of rental properties, leading to a 36% increase in listings and a median rent decline to $630 per week. Landlords are advised to adjust rent expectations and enhance property appeal to attract tenants in this tenant-favorable market.

Share Post:

According to Trade Me Property, there is currently an oversupply of rental properties, leading to a decrease in asking rents. In November, the number of properties listed for rent on the website increased by 36% compared to the same month last year and by 4% compared to October. This marks the highest level of rental listings on the site since 2019.

The median advertised rent in November was $630 per week, which reflects and decrease of 5% from October.

The most significant declines in rent percentages in November, compared to October, were seen in Gisborne (-7.9%), Otago (-7.7%), Marlborough (-6.0%), and Hawke’s Bay (-3.1%). In Auckland, New Zealand’s largest rental market, the median advertised rent fell by 0.7% in November. For a detailed view of regional figures, please see the chart below.

Gavin Lloyd, Customer Director at Trade Me Property, stated, “As a result of the oversupply, landlords may need to adjust their rent price expectations to align with the current market, which continues to favor tenants.”

Source from interest.co.nz: https://www.interest.co.nz/property/131338/trade-me-property-says-residential-landlords-may-need-reduce-their-asking-rents-due
The opinions and research contained in this article are provided for information purposes only, are intended to be general in nature, and do not take into account your financial situation or goals.

Stay Connected

More News & Blog

Tony Alexander: What the latest OCR hike means for mortgage rates and house prices

The Reserve Bank of New Zealand has raised the Official Cash Rate by 25 basis points to 2.75%, immediate passing cost increases onto floating mortgages while fixed rates remain temporarily stable as the hike was already priced in. Landlords face squeezed profit margins due to rising operational expenses like insurance and council rates hikes, making careful rental pricing and tenant retention critical strategy adjustments. Property buyers and investors are displaying a strong “Fear of Overpaying” (FOOP) amidst high interest rates, keeping the broader housing market flat with steady or slightly easing property prices.

September 2, 2026

Auckland Market Update: What Local Landlords Need to Know About the Winter Property Softening

The New Zealand housing market is navigating a period of mid-year adjustment. ANZ’s latest Property Focus report explicitly highlights that Auckland is currently underperforming the national average, making it a critical time for local investors to assess their portfolios.
As your Auckland property management partner, we are closely tracking these updates. Here is a quick breakdown of what is happening across our region right now, why investors are hitting the pause button, and what it means for your local assets.

July 30, 2026

Easing Inflation Fears: Why a July Rate Hike Changes the Game for Property Borrowers

Independent economist Tony Alexander warns that an upcoming Official Cash Rate (OCR) hike is likely. While recent data shows consumer and buyer sentiment is becoming less negative, this rising economic resilience actually increases inflation risks. Consequently, borrowers face higher long-term interest rates as the Reserve Bank aims to cool down the economy

June 20, 2026