We’re seeing a similar trend as last month — more listings coming onto the market, especially in the apartment space. This is creating more competition across similar units.

At the same time, supply has increased, giving tenants more options — especially within similar apartment types in the CBD.

What this means for Auckland apartments

This is where it matters more for us:

• Tenants are comparing multiple similar units in the same building or nearby 
• Price becomes a key deciding factor 
• Older or less well-presented units are sitting longer 
• Furnishing, layout, and natural light are becoming bigger decision drivers 

Tenants are no longer rushing — they’re choosing.

What we’re seeing on the ground

• Good, well-presented apartments are still renting quickly 
• Anything slightly overpriced is sitting and getting fewer enquiries 
• Smaller or inward-facing units need sharper pricing to stay competitive 
• Studios and 1-beds are the most price-sensitive segment 

Demand is still there — but it’s selective.

What this means for you

This is no longer a “list it and it rents” market.

To stay competitive:

• Pricing needs to match current market conditions
• Presentation matters more than ever  
• Market priced apartments always rent faster and reduce vacancy loss 

The key takeaway — the market hasn’t dropped, but it has balanced.
And in a balanced market, the better properties win.