06/11/2026
Wellington rents have stopped falling. So what now? 🏡
Our Spring 2026 rental market update:
📍 Median rent on new tenancies: $580 a week, flat on last winter
📍 Nationally, listings are down 5% and tenant searches per listing are up 20%
More tenants are chasing fewer homes, and the balance is tipping back toward owners.
Our read:
1️⃣ Price to the market from day one
2️⃣ Look after good tenants
3️⃣ Plan for summer. January and February are the busiest months for new tenancies
Want to talk through what this means for your property? Send us a DM, we're always happy to chat. Otherwise, see you in our summer update 👋
Full update on our YouTube channel (link in bio).
Sources: Tenancy Services bond data (provisional), Trade Me Rental Price Index. General information, not financial advice.