New Zealand rents, April–June 2022

How rents sat and moved across New Zealand in April–June 2022, computed from that quarter's official rental-bond release.

The national picture · April–June 2022

$540national median /wk

National median up 8% over the year (+$40/wk).

New Zealand's median weekly rent was $540 in April–June 2022. Half of new tenancies fell between $420 and $650 a week, across 35,538 bonds lodged. Across the 556 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 367, held roughly steady in 91 and eased in 98 over the year to April–June 2022. Westbrook climbed hardest (+47.9%); Newtown North moved furthest the other way (-26.1%).

over the year

Biggest risers

  1. Westbrook+47.9%
  2. Kirikiriroa+35.2%
  3. Dunedin Central+34.4%
  4. Tauranga Central+34%
  5. Esplanade+33.7%

over the year

Biggest falls

  1. Newtown North-26.1%
  2. Kumeu-Huapai-24.3%
  3. Kingston-Mornington-Vogeltown-23.1%
  4. Shortland Street-22.2%
  5. Deans Bush-20.2%

median /wk

Dearest suburbs

  1. Remuera Waiata$950/wk
  2. Parnell East$920/wk
  3. Fairview Heights$900/wk
  4. Ponsonby East$895/wk
  5. Remuera North$888/wk

median /wk

Cheapest suburbs

  1. Ohakune$175/wk
  2. Poike$220/wk
  3. Addington West$235/wk
  4. Parkdale$250/wk
  5. Royal Terrace$253/wk

bonds lodged

Busiest markets

  1. Greensboro192 bonds
  2. Symonds Street North West189 bonds
  3. Hobson Ridge North180 bonds
  4. Dixon Street162 bonds
  5. Linwood West159 bonds

Figures are each suburb's published all-rentals median as at April–June 2022, from MBIE's detailed quarterly rental-bond data (SA2-2019 areas). Suburbs with fewer than 20 lodged bonds that quarter are set aside from the ranking (976 this quarter). Free to reuse with attribution (CC BY 3.0 NZ): "New Zealand's median weekly rent was $540 in April–June 2022, from MBIE rental bond data via RentTrends (https://renttrends.co.nz/reports/2022-q2)." · download the ranked data (CSV).