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Nick's avatar

Wellington supply seems to be declining from my weekly casual searches. Have you got any trend data there for say the last 6 months?

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John Butt's avatar

Yes, see this post for weekly data; https://johnbutt.substack.com/p/rental-listings-and-bonds

The trend is down, but from such a high, it will take a while to reach a low. I am a Wellington based investor so I have a lot more detail about Wellington and was thinking this morning about running a detailed post about Wellington only. Sorry I don’t have that detail for Auckland.

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Nick's avatar

Thanks. What search do you run to get the Wellington rental inventory number?

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John Butt's avatar

Simply search all houses for rent in each region, although for Wellington I also search by “District” for greater detail

https://www.trademe.co.nz/a/property/residential/rent/wellington/wellington

This has the advantage of simplicity and repeatability but can be a weakness when a large block of properties are advertised as 1.

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Nick's avatar

Thanks John. It looks like Wellington about 760 ish. In your post a few weeks ago it was over 1,200... or was that including the Hutt Valley too?

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John Butt's avatar

Hi NIck, did my Wellington comparison answer more questions?

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John Butt's avatar

When I spoke of detail, I mean I have the history of listings by “District” within Wellington. I usually compare the region in my charts so yes my figure includes Lower Hutt.

When I do the Wellington region breakdown I’ll post the breakdown, I keep a CBD record also,, which is showing some interesting trends

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