Residential rents remained largely flat in April, with the national median rent barely moving since late last year. According to the latest bond data from Tenancy Services, the national median rent was $600 a week in April and has been unchanged at that level since December last year, apart from January when it crept up to $608 a week before dropping back to $600 in February. However, compared to April last year the national median rent was up by $25 a week (4.4%). Around the country the change in median rent over the 12 months to April ranged from zero in Nelson to $90 a week (16.4%) in Gisborne, which now has the second highest median rent in the country after Auckland. A similar trend is evident with rents in Hawke's Bay - refer to the table below for the full regional figures.

Source: Stuff June 19, 2024 09:39 UTC