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 633 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 383, held roughly steady in 128 and eased in 122 over the year to January–March 2023. Ormiston East climbed hardest (+55.5%); Onslow moved furthest the other way (-30.5%).

over the year

Biggest risers

  1. Ormiston East+55.5%
  2. Silverdale (Hamilton City)+51.1%
  3. Mountview+38.9%
  4. Sunshine Bay-Fernhill+37.3%
  5. Sunkist Bay+34.2%

over the year

Biggest falls

  1. Onslow-30.5%
  2. Takaro South-30%
  3. Melville South-27.6%
  4. Point England-27.1%
  5. Massey Road North-26.4%

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)564 bonds
  2. Greensboro405 bonds
  3. Campus South315 bonds
  4. Campus West297 bonds
  5. Dixon Street294 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 (892 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).