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 4.8% over the year (+$25/wk).

Across the 562 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 313, held roughly steady in 102 and eased in 147 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. Avenal+31.7%
  3. Kimbolton West+30.3%
  4. Roslyn (Dunedin City)+29.9%
  5. North East Valley Knox+29.8%

over the year

Biggest falls

  1. Unsworth Heights East-34.2%
  2. Campus South-21.7%
  3. Vivian East-19.7%
  4. Papatoetoe West-19.3%
  5. Avalon East-18.7%

median /wk

Dearest suburbs

  1. Remuera North$1,000/wk
  2. Remuera Waitaramoa$880/wk
  3. Fairview Heights$860/wk
  4. Albany West$850/wk
  5. Aotea$850/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 Street231 bonds
  3. Symonds Street North West210 bonds
  4. Vivian East195 bonds
  5. Hobson Ridge North177 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 (950 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).