The number of new rental properties in New Zealand has soared to its highest level in 10 years!

The content of this article is reproduced from the public account: NZ Daily Finance

On real estate website Realestate.co.nz, the number of new residential properties listed for rent reached a 10-year high in January.

Data from Realestate.co.nz shows new rental listings increased year-on-year in January 12.8%,achieve 7224 sets。

This is the first time the website has published relevant data since 2016.Record number of new listings in January。

In major cities,wellingtonhas the largest increase in new listings, up from January 2025 54%。

New listings rose in all regions except the Coromandel, Gisborne, West Coast and Otago; listings were almost flat in Waikato, with only a small decline 0.2%. See the chart below for complete regional data.

The new listings in January brought the total number of properties available for rent on Realestate.co.nz to 7830 at the end of the month, an increase of 9.8% on the same period last year.

However, although the number of rental properties is increasing,Average rents are falling。

The average weekly rent on Realestate.co.nz in January was NZD 634compared with January last year NZD 646decline $12 NZD。

Among major cities, the market cooling is most pronounced wellington region：

• The number of available rental properties increased year-on-year 46%
• Average rent fell year-on-year $65/week (-9%)

New figures show renting became more affordable in most parts of New Zealand at the start of the year Easier and more affordablewhich is good news for renters, but not so good for landlords.

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