Upper Hutt was a close second with an average of 15 enquiries, whereas demand for rentals in central Wellington was lower with rentals receiving an average of 11 enquiries in the first two days of listing. Aro Valley and Te Aro got 16 and 12 enquiries on average in the first two days of a place being listed, while listings in Petone and Naenae had an average of 22 enquiries."
The wider Wellington region's median hit a record $500 per week in January, up 4.2 per cent year-on-year. Lower Hutt rents rose 13 per cent to an all-time high of $450 per week and Upper Hutt rents increased 2 per cent to $400 per week.
The Auckland region's rental market began the year strongly with the median weekly rent hitting another record in January, up 3.8 per cent year-on-year to $540.
North Shore rents hit a record median of $585 per week and Franklin rents hit a median of $500 per week. Christchurch rents only rose 0.3 per cent between December and January to a median of $400 per week while Nelson rents rose to $410 per week.
The Trade Me data comes from an index based on properties rented in the month by managers and private landlords, with more than 11,000 properties rented each month.
On the sales front, year on year median prices attained across the country are almost universally down, though generally by small amounts, as is sales volume. In fact, the number of sales recorded in NZ during January according to some reports was 14% down on the previous year and Auckland down a massive 21%.
