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 587 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 335, held roughly steady in 98 and eased in 154 over the year to July–September 2022. Kohimarama climbed hardest (+52.2%); The Strand moved furthest the other way (-31.6%).

over the year

Biggest risers

  1. Kohimarama+52.2%
  2. Welbourn+48.4%
  3. Gardens (Dunedin City)+46.4%
  4. Tauhara+45.2%
  5. Heretaunga+35.4%

over the year

Biggest falls

  1. The Strand-31.6%
  2. Grey Lynn West-31.5%
  3. Royal Oak West (Auckland)-30.6%
  4. Maungawhau-28.8%
  5. Mount Cook East-27.4%

median /wk

Dearest suburbs

  1. Long Bay$1,050/wk
  2. Saint Heliers West$900/wk
  3. Fairview Heights$890/wk
  4. Kohimarama$875/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$255/wk

bonds lodged

Busiest markets

  1. Symonds Street North West219 bonds
  2. Greensboro210 bonds
  3. Eden Terrace204 bonds
  4. Hobson Ridge Central198 bonds
  5. Symonds Street West192 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 (949 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).