Revealed: The Hottest Rental Markets in NZ lolita, 04/07/2025 It’s unsurprising the Hawke’s Bay rental market is hot; Cyclone Gabrielle upended households across the region. Homeowners and tenants have had to move out of their homes and, in the meantime, need somewhere to live, so rental demand has risen. But the cyclone has also decreased supply. Some properties are so damaged they can’t be rented any longer. That’s why it takes less than 2 weeks for the average landlord to find a tenant. At the other end of the spectrum, properties in Thames-Coromandel took the longest to rent. The median Trade Me rental listing was live for 32 days. That’s 21.5 days longer than in Wairoa. So, the average Thames-Coromandel investor might get up to 3 weeks less rent than the average Wairoa investor. That difference matters. Interest rates are high and many investors are struggling with high mortgage payments. The second hottest rental market is the Queenstown-Lakes District. Rental listings there also don’t last 2 weeks on Trade Me. The median property comes down after only 13.5 days. Property managers there tell me the ski season tempted property owners to convert their rentals into Airbnbs. This decreased supply of long-term rental properties, just as the town got busier.… Continue Reading
Median Gold Coast rental prices soar to $850 a week for a house, $680 a week for a unit lolita, 08/04/2025 Renting on the Gold Coast is so expensive that tenants are sharing properties with as many people as they can make ends meet. Key points: Gold Coast tenants are living with up to five housemates to afford rent The median cost of a unit on the Gold Coast has risen to $680 a week In 2022, 25,715 interstate arrivals moved to the Gold Coast Among them is disability support worker Lillian Reed, who moved to the Gold Coast – Queensland’s most expensive place to rent – ​​two years ago. “I live with four other people, so five people in a four-bedroom house,” she said. “It’s just so much more expensive here and there’s obviously a lot more competition, so it’s tough.” The 24-year-old initially planned to live in a beachside suburb but couldn’t afford it, so she moved into the smallest and cheapest room in her Varsity Lakes home. Lillian Reed is living with four other people so that she can afford to live on the Gold Coast.(Supplied: Lillian Reed) “I need to be working six days a week [to afford it] and our rent has increased by $110 in the past year, so it just keeps … Continue Reading