Wellington landlords 'in box seat'
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It has released its analysis of the final quarter of last year.
Christchurch again reported strong growth in listings and Auckland’s were stable but Wellington showed a sharp decline.
Nationwide, the number of properties available to rent in the quarter was down 2% on a year ago. At the same time, inquiry from tenants was up 5% and the average rent was up 6%.
Acting head of Trade Me property Jimmy McGee said Wellington’s market reported a big drop in supply, down 17% compared to the year before. This was largely driven by a softer apartment market. In 2012, several new apartment complexes had been competing for tenants.
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