Rents across New Zealand are painting a patchwork picture—some regions like Marlborough and Canterbury saw big jumps, while others like the West Coast and Gisborne cooled off. Wellington rose 3.6%, Auckland barely moved, keeping the national average steady at $637. Experts note asking rents can swing more than actual payments but still reflect real market pressure. After a year-plus dip, many believe we may have hit the rental floor—with immigration picking up and inventory slightly up, the market could be stabilizing, even if affordability remains tough.
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