New Zealand rents, October–December 2024

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

The national picture

$600national median /wk

National median up 1.7% over the year (+$10/wk).

Across the 633 suburbs with enough lodged bonds to rank, the published median rent for all rentals rose in 298, held roughly steady in 135 and eased in 200 over the year to October–December 2024. Sunshine Bay-Fernhill climbed hardest (+47.8%); Bastia-Durie Hill moved furthest the other way (-31%).

over the year

Biggest risers

  1. Sunshine Bay-Fernhill+47.8%
  2. Orakei West+42.2%
  3. Massey Road North+42%
  4. Papaioea North+30.6%
  5. South Hill+27.3%

over the year

Biggest falls

  1. Bastia-Durie Hill-31%
  2. Fairview Heights-27.3%
  3. Campus South-25.9%
  4. Mount Albert West-24.8%
  5. Mount Maunganui South-24.7%

median /wk

Dearest suburbs

  1. Orakei West$1,145/wk
  2. Remuera North$1,100/wk
  3. Ilam University$1,040/wk
  4. Remuera Waiata$995/wk
  5. Remuera Waitaramoa$990/wk

median /wk

Cheapest suburbs

  1. Titahi Bay South$200/wk
  2. Avonside$210/wk
  3. Mairehau North$235/wk
  4. Lytton$275/wk
  5. Warren Park$280/wk

bonds lodged

Busiest markets

  1. Greensboro186 bonds
  2. Dixon Street180 bonds
  3. Hobson Ridge Central159 bonds
  4. Eden Terrace144 bonds
  5. Jacks Point144 bonds

Figures are each suburb's published all-rentals median as at October–December 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 (961 this quarter). Free to reuse with attribution (CC BY 3.0 NZ): "New Zealand's median weekly rent was $600 in October–December 2024, from MBIE rental bond data via RentTrends (https://renttrends.co.nz/reports/2024-q4)." · download the ranked data (CSV).