Twelve-month snapshot for investors 

Now that the year is underway, it’s a good opportunity to review how the Queenstown rental market has performed over the past 12 months and where it currently sits.

Tenant demand has continued to strengthen. In January 2026, Trade Me Property recorded approximately 9,800 rental searches, a 6% increase on the same time last year. This reflects continued competition from tenants actively seeking long-term accommodation.

At the same time, the number of properties available to rent has reduced. Rental listings are currently around 27% lower than this time last year. While stock levels lifted briefly during winter, overall supply has remained limited. This has resulted in increased competition and multiple applications for well-presented homes.

Demand is strong across the market. Two and three bedroom properties account for the highest share of tenant searches, together making up close to 80% of total demand. We are also seeing consistent enquiries across higher-end and rural properties.

Despite these demand pressures, rental pricing has remained stable, and the median rental price is sitting in line with January 2025.

With strong tenant demand and reduced stock, now is a good time to review or expand your investment portfolio. Well-positioned properties currently have minimal vacancy periods, maximising your return.

For tailored advice or to discuss expanding your investment portfolio, please get in touch with Chloe Vowles, the Business Development Manager at Bayleys Property Management, on +6421627518.