NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / New Zealand

Chch rents rise 22 per cent in a year

NZ Herald
8 Jul, 2013 07:33 AM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Average asking rents across the country have now reached $417 per week. File photo / Thinkstock

Average asking rents across the country have now reached $417 per week. File photo / Thinkstock

Auckland's rental properties remain the most expensive in the country but Christchurch is close behind, new figures show.

The average weekly rent in Auckland was $494 in the past quarter, according to Trade Me Property, followed by Canterbury at $480 and Wellington at $408.

Head of Trade Me Property, Brendon Skipper said tenants in Christchurch were facing asking rents which were 22 per cent higher than a year ago - well above the national rise of just three per cent.

"This echoes the 24 per cent year-on-year increase we saw last quarter," Mr Skipper said.

Average asking rents across the country rose by an average of $6 to reach $417 per week, the report showed.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Mr Skipper said there had been talk of a rental shortage, but it was not as dire as suggested.

The availability of rental properties and tenant enquiry levels nationwide were up just two per cent on a year ago.

Meanwhile, Auckland's cheapest Trade Me rental in the last quarter was listed at $130 a week, compared to a national low of $45.

Advertisement
Advertise with NZME.

The fully-furnished one-bedroom Mt Albert property had its own cooking facilities, however the bathroom was shared, listing agent Lincoln Wu said.

The self-contained studio had been occupied by a Unitec student who was "very happy" with it.

The cheapest rental listed nationwide was a two bedroom property in Ohakune for $45 a week.

Ray White business development executive Zac Snelling said it would be hard to find a carpark in Auckland for less than $50.

Discover more

Business

Updated depot shines anew

24 Jun 05:30 PM
Opinion

Helen Twose: KiwiSaver home subsidy rules can be tricky

24 Jun 05:30 PM
New Zealand|politics

Mayor blocks councillor's bid to put transport funding to public vote

24 Jun 05:30 PM
New Zealand|politics

Revolt over Unitary Plan secrecy

24 Jun 05:30 PM

The cost of rentals in Auckland's most expensive suburbs on the city's fringe did not tend to change, Mr Snelling said.

"It flows on from the sales prices generally; if you've got a suburb with a higher than average sales price then you would typically expect to see a higher than average rental price as well.

"Areas such as Ellerslie, Mt Wellington, Mt Albert - where you're seeing a lot of gentrification and improvement to public transport and roading and public services - that's where you're seeing large increases because people are finding it easier to live there."

Demand for rentals may have been up slightly nationwide, however that was not the case in central Auckland where demand was down 13 per cent on the same time last year. Average cost of rent in the city was also down three per cent while supply increased by four per cent.

Due to a mid-winter slump there was a large number of rentals in Auckland which were harder to let, Mr Snelling said.

However, the overall trend was for rental prices to increase until Auckland housing stock levels grew.

Advertisement
Advertise with NZME.

The single most expensive rental listed on Trade Me during the April to June quarter was a house in Takapuna available for $5000 per week.

Greatest demand increases were seen in Remuera (up 15 per cent) followed by Mt Eden (eight per cent).

Other national trends showed Palmerston North and Wellington were challenging for prospective tenants due to tight supply and a competitive market.

Christchurch had continued double-digit growth in the level of enquiries from prospective tenants, and was still the strongest of any region.

.

By the numbers

Advertisement
Advertise with NZME.

* $45 a week - cheapest rental in the country (Ohakune)

* $5000 a week - most expensive rental in the country (Takapuna)

* $494 - average weekly rent in Auckland

* $417 per week - average rent nationwide

* $6 - national average rent increase

.

Advertisement
Advertise with NZME.

Supply Average rent Demand

Auckland central up 4 per cent down 3 per cent down 13 per cent

Mt Eden up 19 per cent up 6 per cent up 8 per cent

Remuera up 10 per cent down 3 per cent up 15 per cent

Mt Wellington up 24 per cent up 6 per cent up 4 per cent

Epsom down 14 per cent down 5 per cent down 11 per cent

Advertisement
Advertise with NZME.

Manukau up 14 per cent up 3 per cent down 2 per cent

North Shore up 18 per cent no change down 8 per cent

Waitakere up 13 per cent up 4 per cent down 6 per cent

Auckland (overall) up 5 per cent down 1 per cent down 2 per cent

Hamilton up 4 per cent up 3 per cent down 1 per cent

Source: Trade Me

Advertisement
Advertise with NZME.
Save

    Share this article

Latest from New Zealand

Christchurch
|Updated

Five-year-old child victim in dog attack

New Zealand

The Country: Luxon on coalition friction

New Zealand

Heavy rain watch north of Napier, potential to be upgraded to warning


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from New Zealand

Five-year-old child victim in dog attack
Christchurch
|Updated

Five-year-old child victim in dog attack

The youngster was attacked at Darnley Rd, near the Waipara River, yesterday afternoon.

16 Jul 02:03 AM
The Country: Luxon on coalition friction
New Zealand

The Country: Luxon on coalition friction

16 Jul 01:42 AM
Heavy rain watch north of Napier, potential to be upgraded to warning
New Zealand

Heavy rain watch north of Napier, potential to be upgraded to warning

16 Jul 01:20 AM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP