MASSIVE DEMAND FOR WELLINGTON RENTALS
'Massive' demand for Wellington rentals and shortage won't ease soon, Trademe says
Wellington is bearing the brunt of fierce demand for rentals, and there is no relief on the horizon.
Head of Trade Me Property Nigel Jeffries said the demand in Wellington was "massive", with the number of available rentals dropping 70 per cent on December 2016.
January "is likely to be even more extreme", he said.
In one case, a two-bedroom rental in Wellington was listed for 25 hours before it was taken down due to a flood of 55 applications.
The capital also saw the highest rise in median weekly rent over the last two months, up $30, from $450 to $480 in December.
The latest Trade Me Property Rental Index shows fewer listings compared to last year, and the cost of rent was on the rise.
Jeffries said rental availability would only get tighter, and prices higher in 2018.
"Overall the shortage of rental properties isn't going to get easier anytime soon."
"Demand will continue to exceed supply this year and as a result we are predicting that the national median weekly rent will rise between 3 and 5 per cent."
Poll: Do you think NZ should ban social media for youth?
The Australian Prime Minister has expressed plans to ban social media use for children.
This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
.
Do you think NZ should follow suit? Vote in our poll and share your thoughts below.
-
85.6% Yes
-
13.2% No
-
1.1% Other - I'll share below
What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
BLACKHAWK CORGI RACES SUNDAY NOV 17
Who is the fastest Corgi in NZ?
This will be decided on Sunday, November 17 at Belmont Domain, Lower Hutt with racing starting at 2pm.
Thirty Pembroke and Cardigan Corgis will take to the 60 metre track for racing like no other.
Competition comes from as far away as Auckland and Whanganui and if you want to stretch it a little - Scotland - with the very recent arrival of Skye and his owners from the other side of the world.
The youngest to compete is 7 month old, Atlas whilst Bonnie at 14 years is part of the seniors (nine and over) event.
Spectators very welcome to this sixth annual championship organised by the Wellington Welsh Corgi Club.
Loading…
