by
January 20, 2026
Just a short early update that we are seeing the first indications of a change in Auckland rental market conditions. It looks like compared to the last two years, the supply of rentals is going to tighten this year. After the Christmas drop in listings the market peaks around the 20th of January each year before declining into April. This year the market peaked 1 week early and 564 listings lower than the pre-Christmas high. This is quite unusual as you can see from the graph below and about 10% lower than last year at the same time. Indeed this weeks 5936 is the lowest number of rental listings (excluding Christmas) for 10 months.
This matters as the market usually drops by 300 to 700 listings from late January into early April. So we would expect around 5500 Auckland rental listings by the end of March. If this occurs it would be the lowest number since Winter 2024. Most of last year their were between 6000-6500 listings for tenants to choose from. This also fits with our own anecdotal experience in January. Over the past few weeks we have rented out 4 properties after only 1 viewing day with good numbers attending.
2020 -800
2021 -200
2022 no drop – early warning of the big increase in supply to 6435
2023 -1600 – the effect of cyclone Gabriel and supply dropping to 3100
2024 -300
2025 -700
Owners can be a little more confident that well priced rentals will not sit too long on the market. If you are thinking about a purchase it should be easier than last year to get that initial tenant.
