Local Media

In Greater Wellington, rents have generally experienced a slight softening in recent months, with some areas seeing reductions. For example, Wellington itself has seen a year-on-year decrease of 7.2% in rental prices, dropping to an average of $647 per week in April 2025. While some larger properties have seen more significant drops, with some reports suggesting decreases of 30-40% for larger flats, the overall trend indicates a decrease in rental costs in Wellington. 

• Wellington:

  The median weekly rent in Wellington saw a drop of 0.8% in March and another in April, according to The Post. There's a notable increase in the number of available rental properties, suggesting a shift in the rental market. 

• Levin:

  While there's less specific data on Levin in the provided search results, it's mentioned that some investors are looking to Levin for more affordable properties. Levin's market has been described as tough for landlords in some areas, particularly with regards to the quality of tenants. However, it's also noted that there are rental opportunities in walking distance to town, suggesting a range of rental options in Levin. 

Personally, what I have found with my portfolio is that Kapiti north is still showing good interest from prospective tenants for nice properties at a fair price. Wellington central doesn't have any where near the interest, and rents have had to be dropped in many cases at the moment to get new tenants. 

Things are cyclical, and property is for the long term!!