New Zealand rents, January–March 2023

How rents sat and moved across New Zealand in January–March 2023, computed from that quarter's official rental-bond release.

The national picture

$565national median /wk

National median up 2.7% over the year (+$15/wk).

Across the 636 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 378, held roughly steady in 135 and eased in 123 over the year to January–March 2023. Lytton climbed hardest (+100%); Takaro South moved furthest the other way (-30%).

over the year

Biggest risers

  1. Lytton+100%
  2. Ormiston East+55.5%
  3. Silverdale (Hamilton City)+51.1%
  4. Sunshine Bay-Fernhill+39.3%
  5. Mountview+35.9%

over the year

Biggest falls

  1. Takaro South-30%
  2. Point England-28.6%
  3. Melville South-27.6%
  4. Massey Road North-26.4%
  5. Schnapper Rock-25%

median /wk

Dearest suburbs

  1. Saint Heliers West$1,200/wk
  2. Long Bay$1,050/wk
  3. Remuera Waiata$1,038/wk
  4. Remuera North$910/wk
  5. Saint Heliers North$905/wk

median /wk

Cheapest suburbs

  1. Middleton$160/wk
  2. Awatea North$230/wk
  3. Parkdale$240/wk
  4. Addington West$240/wk
  5. Grampians$275/wk

bonds lodged

Busiest markets

  1. Gardens (Dunedin City)561 bonds
  2. Greensboro402 bonds
  3. Campus South312 bonds
  4. Campus West297 bonds
  5. Dixon Street291 bonds

Figures are each suburb's published all-rentals median as at January–March 2023, 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 (910 this quarter). Free to reuse with attribution (CC BY 3.0 NZ): "New Zealand's median weekly rent was $565 in January–March 2023, from MBIE rental bond data via RentTrends (https://renttrends.co.nz/reports/2023-q1)." · download the ranked data (CSV).