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New Zealand’s rental supply hit a record high in November 2025, with rents falling nationally but rising in the West Coast and Southland.
In November 2025, New Zealand’s rental market hit a record high with 7,253 new listings, a 12.4% increase from the prior year, driven by landlords opting to rent rather than sell and Kiwis moving to Australia.
The national average rent dropped to $626 per week, down 3.1% annually, marking the fourth consecutive monthly decline.
While most regions saw rising supply and falling prices, the West Coast and Southland recorded rent increases of 8.4% and 8.5%, respectively, with the West Coast exceeding $500 per week for the first time.
Regional variations highlight differing local demand, and experts attribute the shift to policy changes, economic factors, and increased inventory, creating a stronger tenants’ market.
La oferta de alquileres de Nueva Zelanda alcanzó un nivel récord en noviembre de 2025, con una caída de los alquileres a nivel nacional pero un aumento en la costa oeste y el sur.