Median weekly rent in New Zealand
All residential property types, as at June 1993–2024, NZD per week
| Month | NZD per week |
|---|---|
| Jun 1993 | 150 |
| Jun 1994 | 160 |
| Jun 1995 | 165 |
| Jun 1996 | 180 |
| Jun 1997 | 190 |
| Jun 1998 | 190 |
| Jun 1999 | 190 |
| Jun 2000 | 190 |
| Jun 2001 | 190 |
| Jun 2002 | 210 |
| Jun 2003 | 225 |
| Jun 2004 | 245 |
| Jun 2005 | 250 |
| Jun 2006 | 260 |
| Jun 2007 | 285 |
| Jun 2008 | 295 |
| Jun 2009 | 295 |
| Jun 2010 | 300 |
| Jun 2011 | 310 |
| Jun 2012 | 320 |
| Jun 2013 | 340 |
| Jun 2014 | 350 |
| Jun 2015 | 370 |
| Jun 2016 | 380 |
| Jun 2017 | 400 |
| Jun 2018 | 430 |
| Jun 2019 | 450 |
| Jun 2020 | 470 |
| Jun 2021 | 500 |
| Jun 2022 | 530 |
| Jun 2023 | 570 |
| Jun 2024 | 600 |
Definitions
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.
Data calculation/treatment
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.
Inclusions
The files include the private bonds, starting from January 1993. 'Private' means private sector landlords.
Data provided by
Dataset name
Rental Bond Data: by Territorial Authority (Monthly) June 2024
Webpage:
https://www.mbie.govt.nz/building-and-energy/tenancy-and-housing/rental-bond-data/
How to find the data
At URL provided, select 'By territorial authority, January 1993 to June 2024 from under the 'Rental bond data, January 1993 to June 2024' heading.
Import & extraction details
File as imported: Rental Bond Data: by Territorial Authority (Monthly) June 2024
From the dataset Rental Bond Data: by Territorial Authority (Monthly) June 2024, this data was extracted:
- Rows: 2-25,129
- Columns: 4-10
- Provided: 175,896 data points
This data forms the table Rent - Bonds and weekly rent for residential properties by territorial authority Feb 1993–Jun 2024.
Dataset originally released on:
August 09, 2024
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.