New Zealand rents, October–December 2022

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

The national picture

$550national median /wk

National median up 3.8% over the year (+$20/wk).

Across the 550 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 303, held roughly steady in 102 and eased in 145 over the year to October–December 2022. Miramar East climbed hardest (+36%); Unsworth Heights East moved furthest the other way (-34.2%).

over the year

Biggest risers

  1. Miramar East+36%
  2. Roslyn (Dunedin City)+31.5%
  3. Kimbolton West+30.3%
  4. Waitohi (Marlborough District)+27.9%
  5. Balmoral+26.9%

over the year

Biggest falls

  1. Unsworth Heights East-34.2%
  2. Stonefields East-22.1%
  3. Campus South-21.7%
  4. Vivian East-20%
  5. Ponsonby East-19.2%

median /wk

Dearest suburbs

  1. Orakei West$1,020/wk
  2. Remuera North$1,000/wk
  3. Remuera Waiata$938/wk
  4. Long Bay$910/wk
  5. Remuera Waitaramoa$880/wk

median /wk

Cheapest suburbs

  1. Awatea North$230/wk
  2. Addington West$245/wk
  3. Parkdale$248/wk
  4. Silverdale (Hamilton City)$250/wk
  5. Point England$250/wk

bonds lodged

Busiest markets

  1. Greensboro252 bonds
  2. Dixon Street234 bonds
  3. Symonds Street North West219 bonds
  4. Vivian East192 bonds
  5. Hobson Ridge Central174 bonds

Figures are each suburb's published all-rentals median as at October–December 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 (957 this quarter). Free to reuse with attribution (CC BY 3.0 NZ): "New Zealand's median weekly rent was $550 in October–December 2022, from MBIE rental bond data via RentTrends (https://renttrends.co.nz/reports/2022-q4)." · download the ranked data (CSV).