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Rents back at an all-time high

July Rental Price Index 2022

1 September 2022

Supply spikes in the main centres

Supply and demand % change by region - July 2022 vs July 2021
RegionSupply % changeDemand % change
WellingtonWellington+49%+49%-10%-10%
NorthlandNorthland+25%+25%-17%-17%
Manawatū/WhanganuiManawatū/Whanganui+21%+21%+7%+7%
Bay of PlentyBay of Plenty+21%+21%+20%+20%
Hawke's BayHawke's Bay+15%+15%-6%-6%
AucklandAuckland+14%+14%-7%-7%
WaikatoWaikato+3%+3%-8%-8%
SouthlandSouthland+2%+2%+10%+10%
TaranakiTaranaki0%0%-13%-13%
CanterburyCanterbury-2%-2%+6%+6%
Nelson/TasmanNelson/Tasman-4%-4%-34%-34%
OtagoOtago-29%-29%- 10%- 10%
NationwideNationwide+13%+13%-5%-5%

Auckland rents stagnant at $600

Wellington rents up 3%