New Zealand rents, April–June 2024

How rents sat and moved across New Zealand in April–June 2024, computed from that quarter's official rental-bond release.

The national picture

$600national median /wk

National median up 5.3% over the year (+$30/wk).

Across the 524 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 348, held roughly steady in 81 and eased in 95 over the year to April–June 2024. Parnell East climbed hardest (+43.9%); Kilbirnie Central moved furthest the other way (-37.3%).

over the year

Biggest risers

  1. Parnell East+43.9%
  2. Te Hapara East+39.5%
  3. Otahuhu South+38.7%
  4. Addington West+38.6%
  5. Pipitea-Kaiwharawhara+38.2%

over the year

Biggest falls

  1. Kilbirnie Central-37.3%
  2. Panmure Glen Innes Industrial-32.5%
  3. Sandringham East-30.1%
  4. Unsworth Heights East-27.7%
  5. Mount Wellington Central-25.4%

median /wk

Dearest suburbs

  1. Long Bay$1,065/wk
  2. Remuera North$1,050/wk
  3. Arrowtown$950/wk
  4. Fairview Heights$950/wk
  5. Jacks Point$950/wk

median /wk

Cheapest suburbs

  1. Gardens (Dunedin City)$195/wk
  2. Mackenzie Lakes$220/wk
  3. Mairehau North$235/wk
  4. Royal Terrace$240/wk
  5. Awatea North$245/wk

bonds lodged

Busiest markets

  1. Dixon Street198 bonds
  2. Greensboro159 bonds
  3. Symonds Street North West153 bonds
  4. Eden Terrace150 bonds
  5. Edgeware129 bonds

Figures are each suburb's published all-rentals median as at April–June 2024, 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 (1,045 this quarter). Free to reuse with attribution (CC BY 3.0 NZ): "New Zealand's median weekly rent was $600 in April–June 2024, from MBIE rental bond data via RentTrends (https://renttrends.co.nz/reports/2024-q2)." · download the ranked data (CSV).