New Zealand rents, October–December 2023

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

The national picture

$590national median /wk

National median up 7.3% over the year (+$40/wk).

Across the 528 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 392, held roughly steady in 75 and eased in 61 over the year to October–December 2023. Hillcrest West (Hamilton City) climbed hardest (+90%); Ormiston South moved furthest the other way (-26.2%).

over the year

Biggest risers

  1. Hillcrest West (Hamilton City)+90%
  2. Addington West+54.3%
  3. Royal Oak West (Auckland)+47.3%
  4. Ponsonby West+46%
  5. Eastern Beach+41.7%

over the year

Biggest falls

  1. Ormiston South-26.2%
  2. Papaioea North-25.3%
  3. Pipitea-Kaiwharawhara-22.3%
  4. Mount Albert Central-21%
  5. Gardens (Dunedin City)-18.7%

median /wk

Dearest suburbs

  1. Ponsonby West$1,000/wk
  2. Remuera North$970/wk
  3. Remuera East$950/wk
  4. Ilam University$905/wk
  5. Eastern Beach$900/wk

median /wk

Cheapest suburbs

  1. Point England$186/wk
  2. Maryhill$213/wk
  3. Awatea North$230/wk
  4. Mairehau North$235/wk
  5. Parkdale$270/wk

bonds lodged

Busiest markets

  1. Greensboro210 bonds
  2. Dixon Street198 bonds
  3. Vivian West183 bonds
  4. Riccarton West153 bonds
  5. Symonds Street North West153 bonds

Figures are each suburb's published all-rentals median as at October–December 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 (982 this quarter). Free to reuse with attribution (CC BY 3.0 NZ): "New Zealand's median weekly rent was $590 in October–December 2023, from MBIE rental bond data via RentTrends (https://renttrends.co.nz/reports/2023-q4)." · download the ranked data (CSV).