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The Wellington rental market is finishing the year on a strong note. Activity has lifted noticeably across the region, with more tenants attending viewings and properties leasing faster than they have in months. After a subdued winter, confidence has clearly returned — especially in the sub-$1,000 per week bracket.

Homes that are well-presented and realistically priced are moving quickly, often renting within two to three weeks of being listed. Fresh paintwork, tidy exteriors, good lighting, and a professional clean between tenancies continue to drive faster results and attract higher-quality tenants.

However, The sub-$1,000 per week segment has seen the biggest lift, with multiple applications now common for well-located two-and three-bedroom homes. We’ve also started to receive early student enquiries for 2026 accommodation — much earlier than usual — signaling strong pre-Christmas momentum.

Upcoming Pet Law Changes – What Landlords Need to Know

From 1 December 2025, the new Residential Tenancies (Pets) Amendment will take effect, making it easier for tenants to be allowed a pet and placing tighter limits on when landlords can decline.

Under the new framework, landlords must have “reasonable grounds” to say no to a pet. Examples of potentially acceptable grounds could include:

• The property not being suitable for animals — for instance, no fencing, limited outdoor space, or shared common areas.
• Body corporate or council rules that prohibit pets.
• A history of previous pet-related damage at the property.

However, there is still some ambiguity around what will qualify as a “reasonable grounds” in practice. Industry guidance is expected to develop once cases begin testing the boundaries of this new rule, and we’ll share further updates as clarity emerges.

In the meantime, landlords should review their properties and tenancy agreements with their property manager to ensure they’re ready for the new regulations.

Improved leasing conditions, coupled with lower borrowing costs, are giving investors renewed confidence. Many owners are using this period to refresh their properties — repainting, completing maintenance, and ensuring compliance — to capitalise on rising tenant activity.

On the sales side, the Tommy’s Real Estate team reports increasing attendance at open homes and stronger enquiry levels. Buyer confidence has returned, and while the market remains measured, there’s clear optimism heading into summer.

The signs are encouraging as we approach the end of the year. Tenant demand is up, time on market is down, and homes that show well are leasing quickly. With the new pet laws on the horizon, a shift in tenant mobility, and stronger market confidence overall, Wellington’s rental scene is poised for a more active summer.

For landlords, the focus remains on presentation, communication, and preparation. Those who stay proactive and adapt to the evolving environment are achieving excellent outcomes.

If your tenancy is ending soon or you’d like advice on preparing your property for 2026 — including pet policy guidance — contact your Tommy’s Property Manager today. We’re here to help you stay ahead of the market.