New Zealand rents, July–September 2022

How rents sat and moved across New Zealand in July–September 2022 — computed from that quarter's official rental-bond release.

The national picture

$540national median /wk

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

Across the 590 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 335, held roughly steady in 102 and eased in 153 over the year to July–September 2022. Kohimarama climbed hardest (+52.2%); Grey Lynn West moved furthest the other way (-31.5%).

over the year

Biggest risers

  1. Kohimarama+52.2%
  2. Welbourn+48.4%
  3. Houghton Bay+47.7%
  4. Gardens (Dunedin City)+46.4%
  5. Paraparaumu Beach West+41.3%

over the year

Biggest falls

  1. Grey Lynn West-31.5%
  2. The Strand-31%
  3. Royal Oak West (Auckland)-30.6%
  4. Maungawhau-28.8%
  5. Papaioea North-26.2%

median /wk

Dearest suburbs

  1. Saint Heliers West$900/wk
  2. Fairview Heights$890/wk
  3. Kohimarama$875/wk
  4. Orakei West$860/wk
  5. Remuera North$853/wk

median /wk

Cheapest suburbs

  1. National Park$160/wk
  2. Wharenui$200/wk
  3. Riccarton Racecourse$203/wk
  4. Awatea North$230/wk
  5. Addington West$245/wk

bonds lodged

Busiest markets

  1. Symonds Street North West225 bonds
  2. Greensboro210 bonds
  3. Eden Terrace207 bonds
  4. Hobson Ridge Central201 bonds
  5. Symonds Street West195 bonds

Figures are each suburb's published all-rentals median as at July–September 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 (941 this quarter). Free to reuse with attribution (CC BY 3.0 NZ): "New Zealand's median weekly rent was $540 in July–September 2022, from MBIE rental bond data via RentTrends (https://renttrends.co.nz/reports/2022-q3)." · download the ranked data (CSV).