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flag New Zealand’s rental supply hit a record high in November 2025, with rents falling nationally but rising in the West Coast and Southland.

flag 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. flag The national average rent dropped to $626 per week, down 3.1% annually, marking the fourth consecutive monthly decline. flag 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. flag Regional variations highlight differing local demand, and experts attribute the shift to policy changes, economic factors, and increased inventory, creating a stronger tenants’ market.

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