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 528 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 347, held roughly steady in 81 and eased in 100 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. Sandringham East-30.1%
  3. Unsworth Heights East-27.7%
  4. Mount Wellington Central-25.4%
  5. Mission Heights South-24.8%

median /wk

Dearest suburbs

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

median /wk

Cheapest suburbs

  1. Gardens (Dunedin City)$195/wk
  2. Mackenzie Lakes$220/wk
  3. Maryhill$230/wk
  4. Mairehau North$235/wk
  5. Royal Terrace$240/wk

bonds lodged

Busiest markets

  1. Dixon Street198 bonds
  2. Greensboro159 bonds
  3. Eden Terrace153 bonds
  4. Symonds Street North West150 bonds
  5. Hobson Ridge Central132 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 (1,020 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).