Median weekly rent in Palmerston North City, New Zealand
All residential property types, Oct 2010–Oct 2020, NZD per week
Lodged bonds represent the number of tenancy agreements lodged in that month
Active bonds represent the number of tenancy agreements commenced from that month that are still presently active.
Closed bonds represent the number of tenancy agreements from that month that have ended.
Geometric mean: The geometric mean is calculated by multiplying n values together and taking the nth root of the result. When a variable is log-normally distributed (a common distribution for variables than must be greater than 0) the geometric mean will closely approximate the median.
Synthetic Quartiles (replacing quartiles): The synthetic quartiles are designed to find the 25th percentile (for the lower quartile) and 75th percentile (for the upper quartile) of a set of data, assuming the data is lognormally distributed. The mean and variance of the data are not assumed, but instead are calculated. This approach is consistent with using the geometric mean to approximate the median.
The files include the private bonds, starting from January 1993. 'Private' means private sector landlords.
Data provided by
Rental Bond Data: by Territorial Authority (Monthly) December 2020
How to find the data
At URL provided, select 'By territorial authority, January 1993 - December 2020' from under the 'Rental bond data, January 1993 - December 2020 ' heading.
Import & extraction details
File as imported: Rental Bond Data: by Territorial Authority (Monthly) December 2020
From the dataset Rental Bond Data: by Territorial Authority (Monthly) December 2020, this data was extracted:
- Rows: 2-22,334
- Columns: 4-10
- Provided: 156,331 data points
This data forms the table Rent - Bonds and weekly rent for residential properties by territorial authority Feb 1993–Dec 2020.
Dataset originally released on:
January 13, 2021
Method of collection/Data provider
This data comes from MBIE's tenancy bond database, which records all new rental bonds that are lodged each month.