June 2026 - Christchurch Rental Market Update

As we move into winter, the Christchurch rental market remains relatively stable compared to many other parts of the country. While tenant demand has softened from the peak summer leasing period, well-presented properties in desirable locations continue to attract good interest.

We are still seeing an oversupply of some property types, particularly newer two-bedroom townhouses, which is placing downward pressure on rents in certain areas. Landlords with these properties may benefit from ensuring their homes are competitively priced and well presented to stand out from the competition.

On a positive note, family homes and quality properties in established suburbs continue to perform well, with vacancy periods generally remaining low.

Interest rates have eased significantly over the past year, improving confidence among property investors. Combined with recent tenancy law changes and growing investor activity, we are seeing renewed interest in the residential investment market.

As always, if you would like an updated rental appraisal or would like to discuss the performance of your investment property, please don't hesitate to contact the Rentworks team.

Pet Rules Continue to Evolve

The pet law changes introduced in December 2025 continue to be tested through the Tenancy Tribunal, providing greater clarity around what constitutes reasonable grounds for declining a tenant's request to keep a pet.

Recent Tribunal decisions have reinforced that landlords cannot rely on a general preference against pets. Instead, any decision to decline a pet request must be based on reasonable grounds relating to the specific property, the pet involved, or the potential impact on neighbours or the property itself.

The legislation does provide additional protections for landlords, including the ability to charge a pet bond of up to two weeks' rent and hold tenants responsible for pet-related damage beyond fair wear and tear.

As further Tribunal decisions are released, we expect the interpretation of these rules to continue evolving. For landlords interested in learning more, the New Zealand Property Investors' Federation has produced a useful summary of recent decisions:

https://nzpif.co.nz/blog/pet-rules-tribunal-decisions/

Why REINZ Membership Matters

As a member of the Real Estate Institute of New Zealand (REINZ), Rentworks is committed to maintaining high professional standards across all aspects of property management.

REINZ members are required to adhere to established Codes of Practice covering professional conduct, ethical business practices, management of client funds, and ongoing professional development. This ensures our team remains up to date with legislative changes and industry best practice.

For our owners, REINZ membership provides additional confidence that your investment property is being managed by a professional team committed to accountability, transparency, and continual improvement.

Thank you for your continued support. If you have any questions about your investment property or the Christchurch rental market, please feel free to contact the Rentworks team.