Housing Rents

Advertised rents are dropping around the country but are particularly weak in Wellington

Advertised rents are dropping around the country but are particularly weak in Wellington

Residential tenants have plenty of properties to choose from keeping a lid on rents

Residential tenants have plenty of properties to choose from keeping a lid on rents

Residential rents have generally settled at levels slightly below their record highs

Residential rents have generally settled at levels slightly below their record highs

Rents are static around the country suggesting supply and demand are reasonably balanced

Rents are static around the country suggesting supply and demand are reasonably balanced

May's national median weekly rent for newly tenanted properties up $30 year-on-year to $600

May's national median weekly rent for newly tenanted properties up $30 year-on-year to $600

The national median housing rent increased by $35 a week in the year to March, Auckland rents up by $50 a week

The national median housing rent increased by $35 a week in the year to March, Auckland rents up by $50 a week

The latest figures suggest the recent surge in immigration is putting pressure on Auckland housing

The latest figures suggest the recent surge in immigration is putting pressure on Auckland housing

Signs that rents are stabilising or even starting to decline in some areas of New Zealand

Signs that rents are stabilising or even starting to decline in some areas of New Zealand

Median rents have dropped back from their summer peak and the number of new tenancies is at a record low

Median rents have dropped back from their summer peak and the number of new tenancies is at a record low

Sky high fuel prices see 81% of drivers using their car less, Consumer NZ study finds - meanwhile EV drivers 'patting themselves on the back'

Sky high fuel prices see 81% of drivers using their car less, Consumer NZ study finds - meanwhile EV drivers 'patting themselves on the back'

Rental yields are dropping to new lows thanks to the strong rise in house prices last year

Rental yields are dropping to new lows thanks to the strong rise in house prices last year

Average household living costs up 5.2% in year to December 2021 quarter, with rising interest rates and petrol prices a couple of the culprits

Average household living costs up 5.2% in year to December 2021 quarter, with rising interest rates and petrol prices a couple of the culprits

Average rents in Auckland up by $16 to $18 a week last year but the rate of increase is continuing to slow

Average rents in Auckland up by $16 to $18 a week last year but the rate of increase is continuing to slow

Average rents declined in the third quarter of the year but remain up by 6.5% compared to a year ago

Average rents declined in the third quarter of the year but remain up by 6.5% compared to a year ago

Strong rent growth in Wellington and Hawke's Bay last year, slower growth in Auckland, Christchurch and Dunedin

Strong rent growth in Wellington and Hawke's Bay last year, slower growth in Auckland, Christchurch and Dunedin