New Zealand rents, April–June 2023

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

The national picture

$570national median /wk

National median up 5.6% over the year (+$30/wk).

Across the 558 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 384, held roughly steady in 81 and eased in 93 over the year to April–June 2023. Deans Bush climbed hardest (+64.9%); Pipitea-Kaiwharawhara moved furthest the other way (-32%).

over the year

Biggest risers

  1. Deans Bush+64.9%
  2. Balmoral+50%
  3. Moturoa+48.6%
  4. Stonefields West+43.9%
  5. Kingston-Mornington-Vogeltown+39%

over the year

Biggest falls

  1. Pipitea-Kaiwharawhara-32%
  2. Parnell East-28.3%
  3. Kelburn-28.1%
  4. Wellington Central-27.9%
  5. Otahuhu Central-25.8%

median /wk

Dearest suburbs

  1. Milford Central$1,038/wk
  2. Remuera North$995/wk
  3. Remuera South$950/wk
  4. Fairview Heights$920/wk
  5. Ponsonby East$875/wk

median /wk

Cheapest suburbs

  1. Parkdale$220/wk
  2. Awatea North$230/wk
  3. Silverdale (Hamilton City)$260/wk
  4. North East Valley Knox$285/wk
  5. Addington West$285/wk

bonds lodged

Busiest markets

  1. Dixon Street213 bonds
  2. Greensboro177 bonds
  3. Wellington Central156 bonds
  4. Victoria Park150 bonds
  5. Christchurch Central-East144 bonds

Figures are each suburb's published all-rentals median as at April–June 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 (1,001 this quarter). Free to reuse with attribution (CC BY 3.0 NZ): "New Zealand's median weekly rent was $570 in April–June 2023, from MBIE rental bond data via RentTrends (https://renttrends.co.nz/reports/2023-q2)." · download the ranked data (CSV).