New Zealand rents, July–September 2023

How rents sat and moved across New Zealand in July–September 2023 — computed from that quarter's official rental-bond release.

The national picture

$580national median /wk

National median up 7.4% over the year (+$40/wk).

Across the 537 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 400, held roughly steady in 61 and eased in 76 over the year to July–September 2023. Raureka climbed hardest (+56.7%); Gardens (Dunedin City) moved furthest the other way (-37.1%).

over the year

Biggest risers

  1. Raureka+56.7%
  2. Maungawhau+45.2%
  3. Ferguson+44.4%
  4. Brooklyn North+41.8%
  5. Remuera West+39.7%

over the year

Biggest falls

  1. Gardens (Dunedin City)-37.1%
  2. Wellington Central-36.2%
  3. Glen Innes East-Wai O Taiki Bay-25.8%
  4. Bulls-21.8%
  5. Saint Heliers West-16.7%

median /wk

Dearest suburbs

  1. Long Bay$1,000/wk
  2. Wanaka Waterfront$1,000/wk
  3. Remuera Waiata$980/wk
  4. Remuera West$950/wk
  5. Orakei West$900/wk

median /wk

Cheapest suburbs

  1. Awatea North$230/wk
  2. Mairehau North$235/wk
  3. Gardens (Dunedin City)$258/wk
  4. Royal Terrace$275/wk
  5. Grampians$275/wk

bonds lodged

Busiest markets

  1. Dixon Street177 bonds
  2. Wellington Central174 bonds
  3. Greensboro171 bonds
  4. Symonds Street North West168 bonds
  5. Eden Terrace159 bonds

Figures are each suburb's published all-rentals median as at July–September 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 (979 this quarter). Free to reuse with attribution (CC BY 3.0 NZ): "New Zealand's median weekly rent was $580 in July–September 2023, from MBIE rental bond data via RentTrends (https://renttrends.co.nz/reports/2023-q3)." · download the ranked data (CSV).