October saw a dip in rental market activity following September’s six-month high, with enquiries, applications and viewings all easing.
“The particularly buoyant spring lift we saw in September subsided across much of the rental market in October,” says Anil Anna, General Manager of Property Management.
With much of the market remaining well-stocked and price sensitive, renters appear to be taking a cautious approach to their next move.
22,824 rental enquiries, down 17.9% on September
2,726 applications, down 22.8% on September
632 properties let, down 12.1% on September
$700.25 average weekly rent in Auckland
Read October Rental Market Update here.
Read October Rental Report here.
Not subscribed to our landlords' newsletter, the Property Management Insider? Sign up now