Auckland's biggest real estate and rental management chain, Barfoot and Thompson, has reported its average weekly rent fell NZ$13 a week to NZ$421 in April from a record March.
But it reported the average was still NZ$ 23 or 5.7% above where it was a year ago.
“The decline from March’s all time high of $434 was anticipated, as demand for property normally quietens in April,” said Barfoot and Thompson Managing Director Peter Thompson Managing Director of Barfoot and Thompson.
Earlier this week Barfoot and Thompson reported a fall in sales volumes and prices for property sales in April from March.
Rents and house prices are firmer in central Auckland than in the fringes and in provincial regions.
See national median rents below.