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 542 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 395, held roughly steady in 65 and eased in 82 over the year to July–September 2023. Maungawhau climbed hardest (+45.2%); Gardens (Dunedin City) moved furthest the other way (-37.1%).

over the year

Biggest risers

  1. Maungawhau+45.2%
  2. Ferguson+44.4%
  3. Brooklyn North+41.8%
  4. Remuera West+39.7%
  5. Remuera Abbotts Park+37.9%

over the year

Biggest falls

  1. Gardens (Dunedin City)-37.1%
  2. Wellington Central-36.2%
  3. Glen Innes East-Wai O Taiki Bay-23.3%
  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. Greensboro174 bonds
  3. Symonds Street North West171 bonds
  4. Wellington Central171 bonds
  5. Eden Terrace162 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 (984 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).