Historically, Auckland CBD rental market tends to experience seasonal fluctuations, with the demand typically being lower during certain times of the year. Winter has always been one of those seasons when there is generally less demand for rentals compared to other seasons, primarily due to factors such as colder weather, fewer relocations, and the holiday season.

However, it is important to consider that rental market condition can vary depending on immigration inflow also. A high number of university students as well as skilled migrant influx retained the demand for Auckland apartment market to date. The market still experiences steady demand for rentals even during winter months which is very uncommon.

We are noticing early signs of decreased demand (and increased supply) but the trend is slower than usual and it may drag the market at the same pace for another month.