Median rents on residential properties throughout the country took a slight dip last month.
According to tenancy bonds data collected by the Ministry of Business, Innovation and Employment, the national median rent for new tenancies of all property types was $330 a week in July, down from $350 in June, which was the lowest it has been since October last year.
For three bedroom houses the decline was slightly less, with July's median of $350 only $10 a week less than the June median of $360.
The decline occurred across the three main centres of Auckland, Wellington and Christchurch and affected both two and three bedroom properties.
In Auckland the median rent for a three bedroom house was $540, down from $550 in June.
In Wellington the median rent for a three bedroom house was $470, the same as in June, but well down from its peak of $510 in March.
In Christchurch the median rent for a three bedroom house dropped to $415 from $450 in June.
To view charts showing changes in median rents on two and three bedroom properties in Auckland, Wellington and Christchurch, click on the tabs at the top of the graph which is shown below.
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