Property Market – Renters could be $700/year better-off with decade-high rental stock

Source: Brainchild for RealEstate.co.nz

  • Supply of rental properties the highest for any April since 2016 
  • Weekly rent softens by an average of $14/week nationally  
  • Cost of living crisis keeps would-be renters at home while investors retain properties 

Friday 9 May, 2025 – Renters have more money in their pocket and more properties to choose from as latest data from realestate.co.nz shows the supply of rental properties in New Zealand reaches the highest level for any April in almost a decade.  

April abundance: market awash with rentals

The total number of new rental listings on the market last month was 5,868, up 24.1% year-on-year from 4,729. But we need to look back as far as April 2016 (6,836) to see numbers that can match the current level of supply.

Regions leading the charge with the greatest number of new listings are, to be expected, New Zealand’s big three: Auckland (2,375, up 8.6% year-on-year), Canterbury (704, up 39.4% year-on-year), and Wellington (691, up 196.6% year-on-year).  

Vanessa Williams, spokesperson for realestate.co.nz, says three key trends over the past 18 months have contributed to this rental market:

Short to long-term rentals: “The number of holiday homes and Airbnbs that are being converted back from short-term rentals into long-term rentals.”
Cost of living crisis: “When we look at our typical rental demographic (those aged 18-25), they’re doing one of two things: staying at home with their parents because of the cost of living or departing New Zealand shores and moving overseas.” 

Investors holding tight: “A slower sales market over the last 2.5 years has seen investors holding onto their properties.”

Renters reap benefits as rates reduce

Further good news for renters is the softening in rental price, with the national average down by $14 per week year-on-year. The capital city had one of the highest falls in rental prices, with a year-on-year reduction of 7.2% or $50 per week ($647/week in April 2025 compared to $697/week in April 2024). 
Subsequent rate falls occurred in the Central North Island, down 6.9% on April last year, and Taranaki, down 5.7% year-on-year.

Williams says $14 extra in a tenant’s pocket per week over a 52-week period can result in a saving upwards of $700.  

“That’s a nice three-seater sofa for the flat or a weekend away. In today’s current economic climate, $700 can go a long way.”    

Central Otago and Lakes bucks the trend

As to be expected there’s always a region that bucks the trend. Central Otago and Lakes reported an all-time high with an average rental price of $870 per week in April, a 3.0% increase year-on-year.

Although the region’s 148 new listings reported in April was a 22.1% drop from the 190 listings in March, the region’s April numbers reflect a 35.8% year-on-year increase.

“Central Otago and Lakes’ rental activity corresponds with our sales property data, which confirms the region’s reputation as one of the most highly valued markets in the country,” says Williams. “It’s not surprising to see this region continue to command top dollar with its beautiful homes, attractive lifestyle, and strong tourist market.”   

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Dedicated only to property, our mission is to empower people with a property search tool they can use to find the life they want to live. With residential, lifestyle, rural and commercial property listings, realestate.co.nz is the place to start for those looking to buy or sell property.

Market insights: Search by suburb to see median sale prices, popular property types and trends over time. 

Sold properties: Switch your search to sold to see the last 12 months of sales and prices. 
Valuations: Get a gauge on property prices by browsing sold residential properties, with the latest sale prices and an estimated value in the current market. 

Improved mental health response begins at Waikato Emergency Department

Source: NZ Music Month takes to the streets

Minister for Mental Health Matt Doocey will mark the official start of peer support specialists in Waikato Hospital’s Emergency Department in Hamilton today. It makes Waikato Hospital the fifth major hospital to implement the service since September last year.

“We know that this service is making a real difference for people presenting in mental health distress or crisis at busy emergency departments. We are moving quickly to rollout this important service around New Zealand, and it has been incredibly humbling to hear how it’s making a genuine impact for vulnerable Kiwis in a time of need,” Mr Doocey says.

“Having a peer support specialist available to listen and understand what someone is going through, share their story, and reassure them there is a way forward can provide enormous comfort when people need it most. Importantly, they can also better connect people with community mental health services, if needed, and help with a better outcome for the individual. 

“I believe the peer support workforce has been underutilised for too long in New Zealand. There is a big opportunity to better utilise it as we also roll out Crisis Cafes around New Zealand and look to refresh the eating disorders strategy.”

The initiative was first launched at Middlemore Hospital in September 2024, since then services have got underway at Auckland City Hospital, Wellington Hospital and Christchurch Hospital. A further three emergency departments will be added in the near future.

“I’ve been clear that one of the biggest barriers to people accessing timely mental health and addiction support is workforce shortages. While this Government is focused on significantly growing the clinical workforce, we need to make sure we are also looking to innovative ideas, like peers in ED, to make sure we are doing everything we can help New Zealanders access quality support when and where they need it,” Mr Doocey says.

Note to editors: 

  • In March 2024, the Government announced that eight Peer Support Specialist services would be stood up across two years using uncommitted funding. Each Peer Support Specialist service is estimated to cost between $300,000 and $500,000 per hospital.
  • A $1 million workforce fund has also been set up by the Government to provide Level 4 NZ Certificate in Health and Wellbeing (Peer Support) training and specific training for working in emergency departments

Matched funding expands offering of digital mental health provider

Source: NZ Music Month takes to the streets

Minister for Mental Health Matt Doocey says people in hard-to-reach and remote communities stand to benefit from an expanded offering of online support following the latest Mental Health and Addiction Innovation Fund announcement. 
“Today I’m delighted to announce that matched funding has been awarded to digital provider Just a Thought to expand and enhance their online courses to support people facing mental health and addiction challenges,” Mr Doocey says.
“Just a Thought offer 17 digitally delivered, evidence-based therapy courses and have supported over 75,000 New Zealanders since they launched in 2019. These online courses offer free and quick access to anyone seeking mental health and addiction support, providing an additional support option alongside face-to-face services.
“Hard-to-reach and remote communities can face barriers accessing the help they need and have unmet need. Initiatives like this are exactly what the Innovation Fund was designed to support, and I look forward to seeing this service scale-up and reach more Kiwis in their time of need.”
The funding will allow Just a Thought to develop new wellbeing courses helping with things like manage stress, wellbeing and promoting mindfulness. The courses are free and available to anyone. While round one of the fund has almost wrapped up, round two with a Request for Proposal is scheduled to be released soon.
“For round two applications, we’ve lowered the minimum matched investment from $250,000 to $100,000 to open access to a wider range of providers. This is another example of the Government’s commitment to exploring new ways to fund and grow mental health support, including through coinvestment,” Mr Doocey says. 
“As Minister for Mental Health, I am focused on increasing access to mental health and addiction support. The Innovation Fund is one of the ways we are partnering with Non-Government Organisations to deliver innovative projects and initiatives that bring faster access to better mental health and addiction support for communities right across the country.” 

Serious crash, SH29, Kaimai Mamaku Conservation Park

Source: New Zealand Police

Emergency services are at the scene of a serious four-vehicle crash on SH29, in Kaimai Mamaku Conservation Park. 

Police were called about 6.40am. 

Initial indications are one person has sustained serious injuries, while several others have sustained moderate or minor injuries. 

The road is blocked and traffic management is in place.

Motorists should avoid the area, or expect delays.

ENDS 

Issued by Police Media Centre 

Space, advanced aviation boost economy by $2.5b

Source: NZ Music Month takes to the streets

The space and advanced aviation sectors added more than $2.5 billion to the New Zealand economy last year, a report released today by Space Minister Judith Collins shows.

The Deloitte/Space TrailBlazer Innovation for Growth, Charting the Space and Advanced Aviation Sectors report showed the space sector contributed $2.47b to the economy in the 2023-24 financial year.

The advanced aviation sector, which includes emerging aviation technologies and overlaps with the space sector, contributed $480 million.

“The report showed our fast-growing space sector with revenue increasing by 53 percent in the five years to 2024 – a faster rate than the world’s space economy,” Ms Collins says.

“This is a success story we should be proud as it shows the sector is creating jobs for New Zealanders, attracting billions of dollars of investment into New Zealand, and driving innovation and scientific advancement.

“We want to keep up the momentum, which is why we set the ambitious target of doubling the size of New Zealand’s space and advanced aviation sectors by 2030.”

The space sector’s year-on-year revenue growth of nearly 9 percent since 2019 was largely driven by increases in space manufacturing, operations and applications. The report, commissioned by the Ministry of Business, Innovation and Employment, also found New Zealand’s space sector is commercially led and homegrown, with 78 percent of survey respondents saying more than half their workforce is local.

“As the sector grows, so does the number of people and communities it supports. The space sector now supports 17,000 jobs in New Zealand’s economy, up from 12,000 in 2019,” Ms Collins says.

“Whether it’s a research lab, a drone manufacturer, or a rocket launch pad, there are some amazing companies and an immense depth of talent working in the space and advanced aviation sectors throughout the country.

“Last year the Government signalled our intention to support the sector through a light-touch regulatory approach. We have natural advantages of clear skies and geography, and we want to give innovators the flexibility to test their ideas and continue driving growth.”

“It’s also important we encourage the next generation to consider careers in the space and advanced aviation sectors.  

“Applications for the Prime Minister’s Space Prizes open on 12 May. These prizes recognise and encourage innovative expertise for professionals and students, and I’d encourage people to apply,” Ms Collins says.

The Innovation for Growth, Charting the Space and Advanced Aviation sectors report is available on the MBIE website.

Note to Editors

The attached infographic (PDF) shows high-level information on the space and advanced aviation sectors from the report.

Name release, fatal crash, Horotiu Road

Source: New Zealand Police

Police can now release the name of the man who died in a crash on Horotiu Road, Te Kowhai on 29 April.

He was 65-year-old David James Kingi, of Waipawa.

Our thoughts are with those close to him at this time.

Enquiries into the circumstances of the crash are ongoing.

ENDS

Issued by Police Media Centre

Saddle Road closed following crash

Source: New Zealand Police

Saddle Road between Ashurst and Woodville is closed due to a serious two vehicle collision.

Emergency services received reports of the crash at 5:20pm, in which one person is believed to be critically injured.

Motorists are advised to avoid travel if possible as the only diversion is through the Pahiatua Track.

ENDS

Police acknowledge sentencing of fatal crash driver

Source: New Zealand Police

Please attribute to Senior Sergeant Fane Troy, Taupo Area Road Policing Manager:

Police acknowledge the sentence handed down to Wookeun Kim in the Auckland District Court yesterday.

Mr Kim was the driver of a vehicle involved in a fatal crash at Mangakino on 21 April which killed one person and seriously injured another.

He was disqualified from driving for 15 months and ordered to pay $10,000 in reparations to the surviving victim, who remains in hospital.

Police are glad that this matter was able to be resolved in a timely fashion. 

These crashes are traumatic for all people involved.

We would like to thank all those people who were involved in attending to the injured people at the crash scene – your efforts do not go unnoticed.

Members of the public who call police around poor driving are to be commended. If you see dangerous driving or driving that causes concern please ring 111.

ENDS

Issued by the Police Media Centre

Improving resilience on State Highway 6 Whangamoa Saddle

Source: Argument for Lifting NZ Super Age

People travelling on State Highway 6 between Hira and Rai Valley can expect to see contractors on site on the Whangamoa Saddle later this month.

Further resilience improvements are planned for the route from Monday, 19 May, with Stage Two of an ongoing programme set to begin.

Rob Service, System Manager Nelson/Tasman says this is a fragile section of State Highway 6 – a key corridor across the top of the South Island. 

“This area is prone to washouts and underslips and stormwater is a major threat. This project will see  new drainage works designed to control and redirect water flows that occur during heavy rain. The aim is to prevent uncontrolled erosion and damage to the highway.”

“Retaining and guiding stormwater flows to engineered discharge points helps reduce this risk,” Mr Service says.

Underslip and flood damage. SH6 Whangamoa Hill, August 2022.

This work will be undertaken at five separate sites over a nine-week period. 

Work on these sites, between Hira and the top of the Whangamoa Saddle will be completed by the end of July, weather permitting. Work will be staggered with only two sites operating at the same time.

Mr Service says the  project will affect traffic and travel times.

“This is unavoidable. We cannot do this sort of work without affecting the road and drivers. However, we always try to minimise disruption as much as possible

Drivers travelling between Nelson and Blenheim, while the work is underway from mid-May and the end of July must allow extra time for their journey with delays of up to 10 minutes at each site.

“This is particularly important for people travelling to the ferries or for hospital appointments.”

Mr Service appreciates this work will cause disruption but says it is essential for protecting and improving a critical transport link.

“Since the 2022 floods, we have made a significant investment in improving and protecting this route. This continues that investment, and more work is planned later this year. Please bear with us while our contractors work hard to complete this project.”

Contractors will return to the site in September to complete Stage Three of the project. This involves the construction and installation of concrete beams, which must be done when the weather conditions are warmer and drier.

Works schedule

  • 24/7 stop/go traffic lights and a reduced temporary speed limit at each site.
  • Delays of up to 10 minutes at each site.
  • Work hours 7 am to 5 pm Monday to Friday. No work will be done during public holidays – King’s Birthday or Matariki.

View larger map [PDF, 200 KB]

More information

  • This work is funded by the Crown Resilience Programme – a $419 million investment package of resilience improvement activities that will reduce the impact of severe weather events on our national roading networks. The total crown resilience programme comprises $279 million for activities on State Highways, and $140 million for activities on Local Roads – Crown Resilience Programme (CRP)(external link)
  • Other resilience works recently completed in the top of the South Island include flood prevention works on State Highway 1 at Dashwood in Marlborough, State Highway 6 at Dellows Bluff and State Highway 63 near the Wash Bridge in the Wairau Valley. Rock scaling work on State Highway 65 at Higgins Bluff was completed earlier this month with rock scaling work on State Highway 63 at Howard Narrows also planned to begin in May.

Government passes kiwi killing bill under urgency – Greenpeace

Source: Greenpeace

The amendment to the Wildlife Act, New Zealand’s foundational wildlife protection law, was passed under urgency today and allows the Director-General of Conservation to grant companies permission to kill kiwi and other native wildlife if they get in the way of projects like roads, mines or dams.
Greenpeace says it’s the latest escalation in the Luxon Government’s war on nature and is calling for the immediate repeal of the amendment and for the Government to strengthen, not weaken, protections for the country’s endangered wildlife.
“This will go down in history as the moment the New Zealand Government decided that roads and coal mines needed protection from skinks and kiwi, instead of the other way around,” says Greenpeace spokesperson Gen Toop.
“We’re talking about our national icon – the kiwi – being put on the chopping block so a company can build a road faster. That is not who we are as a country.”
“We are a country revered internationally for bringing species like the kākāpō back from the brink of extinction. But we’re about to go from revered to reviled for making a law explicitly allowing big business to kill endangered wildlife for profit,” says Toop.
All three stages of the Bill were heard under urgency this morning, with Greenpeace likening the move to Trumpian style politics.
“Legalising killing kiwi is Trumpian style environmental vandalism. The Luxon Government clearly knows how deeply unpopular this is. It’s why they have rushed it through parliament under urgency with no chance for public input or scrutiny,” says Toop.
According to the latest Environment Aotearoa report, nearly 80% of the country’s native birds are threatened with extinction or at risk of becoming threatened, along with 94% of indigenous reptiles. There’s only one native frog left out of 14 that is not threatened with extinction.
“Luxon’s Government just signed a death warrant for native wildlife already on the brink of extinction. And once they’re gone, they’re gone for good,” says Toop.
“This Government have been waging a war on nature since day one. They’ve steamrolled environmental protections with the fast track approvals act, they’re trying to reverse the oil and gas ban, they plan to dismantle the RMA, and now they have literally legalised killing kiwi.”
The law change comes after a landmark High Court decision in the case of the Environmental Law Initiative v The Director-General of the Department of Conservation (DOC) and others. The case challenged DOC’s decision to grant Waka Kotahi permission to kill wildlife during construction of the Mt Messenger Bypass in Taranaki.
The Judge ruled that the permit was unlawful, upending years of DOC’s practice of granting permits which authorised the killing of wildlife under the Wildlife Act.