DEMAND STILL OUTWEIGHS SUPPLY
RENTAL MARKET UPDATE
DEMAND STILL OUTWEIGHS SUPPLY
APRIL 2025- RAY WHITE NETWORK
NEW TENANCY APPLICATIONS
SIGNED TENANCY AGREEMENTS
THE EFFECTIVE RATIO
4: 1
4,418 1,126
NEW APPLICATIONS SIGNED AGREEMENTS
APPLICATIONS TO AGREEMENTS
For every one property leased, there were four new tenancy applications
Source: Ray White New Zealand
Unless New Zealand receives a miraculous overnight injection of homes, the country will continue to require substantial levels of private rental housing, which is an underlying need that matters.
While cycles change, interest rates fluctuate, and sentiment swings, the long-term fundamentals of residential property remain remarkably durable.
“ While cycles change, interest rates fluctuate, and sentiment swings, the long-term fundamentals of residential property remain remarkably durable.”
Zac Snelling, Ray White Group Head of Property Management
When I look across other asset classes in New Zealand through a long-term lens, it is still difficult to look past the tangible and proven nature of residential property investment.
People need places to live. It might not be the most exciting thesis, but it is consistent.
Housing serves an essential function in the economy, and over time, that enduring demand continues to underpin its value.
Which is why periods like this often reward discipline over emotion.
The investors who perform best over the long run are rarely those reacting aggressively to every headline or policy announcement. More often, they understand the cycle, manage carefully and focus on the fundamentals sitting beneath the noise.
At Ray White, we understand the pressure many landlords are currently navigating, particularly around rising costs, compliance obligations and broader uncertainty.
To support investors through this period, we are launching our‘ Make the Move’ campaign on 1 June. The initiative is designed to provide genuine value-added incentives for residential property investors considering moving to Ray White’ s property management services.
Each participating Ray White office will provide further information around the available benefits, which can include maintenance contributions, property upgrades, or even landlord insurance for any new management signed during June.
For investors feeling uncertain about the current environment, the month ahead offers time to refresh perspective. Zoom out, dull some of the noise, and focus on what you can control.
New Zealand’ s housing market has never stopped needing rental property – regardless of what the headlines happen to say on any given week.
For more information about Ray White’ s Property Management offering, visit pm. raywhite. com.