The real reason why rents are coming ‘down’
Rent drops for first time in a decade, data shows
New Zealand’s average weekly rent has dropped for the first time in a decade – but one representative for renters says it’s not necessarily a sign they have it easy.
Realestate.co.nz said, based on its data, the national average weekly rent was down 1.8 percent in 2025 compared to 2024.
Wellington had the largest drop of the main centres, down 9.7 percent. Auckland was down 2.5 percent.
RNZ
I Love how National pretend that rents going down is intentional on their behalf.
Bullshit.
Their decision to smash Labour’s infrastructure pipeline early in 2024 has had a cascade impact on the economy that has seen over 140 000 Kiwis flee in 2 years.
This massive drop in population is not being met by a jump in migration or students or tourists and that is what is driving rents down, the Governments vandalisation of the economy!
They have screwed up so badly that rents are being forced down because people are fleeing the country!
The ‘drop’ is a joke because most tenants are too fearful of their landlords to attempt to renegotiate rentals.
Yes rents have fallen, but only because National have screwed up so bad!
