New Zealand rents, July–September 2024

How rents sat and moved across New Zealand in July–September 2024 — computed from that quarter's official rental-bond release.

The national picture

$600national median /wk

National median up 3.4% over the year (+$20/wk).

Across the 556 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 294, held roughly steady in 117 and eased in 145 over the year to July–September 2024. Massey Road North climbed hardest (+48.9%); Addington West moved furthest the other way (-47%).

over the year

Biggest risers

  1. Massey Road North+48.9%
  2. Dairy Flat North+46.7%
  3. Pinehill+41.8%
  4. Royal Terrace+37.5%
  5. Parkdale+36.4%

over the year

Biggest falls

  1. Addington West-47%
  2. Moera-31.7%
  3. Kamo West-31%
  4. Ormiston South-27.3%
  5. Petone Central-19.5%

median /wk

Dearest suburbs

  1. Dairy Flat North$1,100/wk
  2. Long Bay$995/wk
  3. Ponsonby West$950/wk
  4. Remuera South$950/wk
  5. Saint Heliers North$900/wk

median /wk

Cheapest suburbs

  1. Kaikohe$159/wk
  2. Mairehau North$235/wk
  3. Awatea North$245/wk
  4. Addington West$265/wk
  5. Gardens (Dunedin City)$290/wk

bonds lodged

Busiest markets

  1. Dixon Street174 bonds
  2. Symonds Street East168 bonds
  3. Hobson Ridge North162 bonds
  4. Symonds Street West153 bonds
  5. Hobson Ridge Central144 bonds

Figures are each suburb's published all-rentals median as at July–September 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 (976 this quarter). Free to reuse with attribution (CC BY 3.0 NZ): "New Zealand's median weekly rent was $600 in July–September 2024, from MBIE rental bond data via RentTrends (https://renttrends.co.nz/reports/2024-q3)." · download the ranked data (CSV).