February 2023

REINZ Residential Rent Review

February 2023

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1 Bedroom

SUBURB 2022 2023 Variance %
Orewa (Silverdale to Wellsford) $399 $391 -2%
Browns Bay / Torbay / Albany $400 $439 10%
East Coast Bays $442 $455 3%
Glenfield (Sunnynook, Northcote & Birkdale) $391 $393 1%
Birkenhead (Northcote Point) $413 $423 3%
Takapuna/ Milford $483 $511 6%
Devonport $457 $478 5%
West AKL (Glendene, Glen Eden & Massey) $376 $365 -3%
Te Atatu (Westgate & West Harbour) $429 $426 -1%
Waterview (Avondale & Titirangi) $375 $381 2%
City Centre (Parnell, Grafton & Newton) $396 $405 2%
Ponsonby (St Marys & Herne Bay) $542 $494 -9%
Grey Lynn / Westmere $498 $481 -3%
Mt Albert/ Pt Chev $396 $401 1%
Sandringham (Three Kings & Hillsborough) $442 $426 -4%
Mt Roskill (Owairaka & Lynfield) $385 $358 -7%
Mt Eden (Kingsland & Balmoral) $437 $430 -1%
Epsom (Newmarket & Royal Oak) $442 $445 1%
One Tree Hill / Ellerslie $436 $423 -3%
City Bays (Mission Bay to St Heliers) $485 $445 -8%
Remuera $398 $445 12%
Meadowbank (Remuera South & Glendowie) $400 $410 3%
Glen Innes / Panmure / Mt Wellington $394 $406 3%
Howick (Bucklands Beach & Botany) $419 $383 -9%
Pakuranga $415 $388 -6%
Mangere / Otahuhu / Otara $404 $420 4%
Papatoetoe $366 $380 4%
Manukau / Manurewa $403 $393 -2%
Papakura $369 $370 0%
Pukekohe (Tuakau & Waiuku) $368 $413 12%

 

2 Bedroom

SUBURB 2022 2023 Variance %
Orewa (Silverdale to Wellsford) $521 $530 2%
Browns Bay / Torbay / Albany $534 $524 -2%
East Coast Bays $579 $556 -4%
Glenfield (Sunnynook, Northcote & Birkdale) $531 $532 0%
Birkenhead (Northcote Point) $504 $556 10%
Takapuna/ Milford $592 $591 0%
Devonport $569 $646 13%
West AKL (Glendene, Glen Eden & Massey) $496 $503 1%
Te Atatu (Westgate & West Harbour) $538 $560 4%
Waterview (Avondale & Titirangi) $519 $509 -2%
City Centre (Parnell, Grafton & Newton) $509 $522 2%
Ponsonby (St Marys & Herne Bay) $718 $681 -5%
Grey Lynn / Westmere $690 $691 0%
Mt Albert/ Pt Chev $538 $550 2%
Sandringham (Three Kings & Hillsborough) $526 $526 0%
Mt Roskill (Owairaka & Lynfield) $510 $516 1%
Mt Eden (Kingsland & Balmoral) $580 $565 -3%
Epsom (Newmarket & Royal Oak) $573 $564 -1%
One Tree Hill / Ellerslie $546 $535 -2%
City Bays (Mission Bay to St Heliers) $611 $607 -1%
Remuera $596 $618 4%
Meadowbank (Remuera South & Glendowie) $579 $566 -2%
Glen Innes / Panmure / Mt Wellington $517 $522 1%
Howick (Bucklands Beach & Botany) $541 $557 3%
Pakuranga $512 $526 3%
Mangere / Otahuhu / Otara $496 $487 -2%
Papatoetoe $504 $519 3%
Manukau / Manurewa $518 $511 -1%
Papakura $483 $498 3%
Pukekohe (Tuakau & Waiuku) $467 $463 -1%

 

3 Bedroom

SUBURB 2022 2023 Variance %
Orewa (Silverdale to Wellsford) $627 $654 4%
Browns Bay / Torbay / Albany $666 $673 1%
East Coast Bays $734 $742 1%
Glenfield (Sunnynook, Northcote & Birkdale) $635 $648 2%
Birkenhead (Northcote Point) $698 $687 -2%
Takapuna/ Milford $733 $748 2%
Devonport $786 $838 7%
West AKL (Glendene, Glen Eden & Massey) $592 $601 2%
Te Atatu (Westgate & West Harbour) $618 $643 4%
Waterview (Avondale & Titirangi) $624 $631 1%
City Centre (Parnell, Grafton & Newton) $739 $782 6%
Ponsonby (St Marys & Herne Bay) $1,029 $972 -6%
Grey Lynn / Westmere $855 $879 3%
Mt Albert/ Pt Chev $705 $699 -1%
Sandringham (Three Kings & Hillsborough) $671 $673 0%
Mt Roskill (Owairaka & Lynfield) $619 $635 3%
Mt Eden (Kingsland & Balmoral) $751 $744 -1%
Epsom (Newmarket & Royal Oak) $750 $754 1%
One Tree Hill / Ellerslie $691 $692 0%
City Bays (Mission Bay to St Heliers) $859 $837 -3%
Remuera $785 $818 4%
Meadowbank (Remuera South & Glendowie) $784 $776 -1%
Glen Innes / Panmure / Mt Wellington $657 $657 0%
Howick (Bucklands Beach & Botany) $664 $676 2%
Pakuranga $616 $634 3%
Mangere / Otahuhu / Otara $618 $631 2%
Papatoetoe $633 $647 2%
Manukau / Manurewa $615 $629 2%
Papakura $613 $617 1%
Pukekohe (Tuakau & Waiuku) $568 $586 3%

 

4 Bedroom

SUBURB 2022 2023 Variance %
Orewa (Silverdale to Wellsford) $766 $778 2%
Browns Bay / Torbay / Albany $801 $818 2%
East Coast Bays $821 $851 4%
Glenfield (Sunnynook, Northcote & Birkdale) $768 $761 -1%
Birkenhead (Northcote Point) $796 $843 6%
Takapuna/ Milford $989 $986 0%
Devonport $976 $1,075 10%
West AKL (Glendene, Glen Eden & Massey) $713 $731 2%
Te Atatu (Westgate & West Harbour) $756 $767 2%
Waterview (Avondale & Titirangi) $751 $767 2%
City Centre (Parnell, Grafton & Newton) $846 $969 15%
Ponsonby (St Marys & Herne Bay) $1,269 $1,283 1%
Grey Lynn / Westmere $1,039 $1,007 -3%
Mt Albert/ Pt Chev $760 $883 16%
Sandringham (Three Kings & Hillsborough) $805 $821 2%
Mt Roskill (Owairaka & Lynfield) $787 $795 1%
Mt Eden (Kingsland & Balmoral) $967 $936 -3%
Epsom (Newmarket & Royal Oak) $957 $1,013 6%
One Tree Hill / Ellerslie $825 $839 2%
City Bays (Mission Bay to St Heliers) $1,154 $1,084 -6%
Remuera $1,132 $1,138 1%
Meadowbank (Remuera South & Glendowie) $966 $943 -2%
Glen Innes / Panmure / Mt Wellington $794 $807 2%
Howick (Bucklands Beach & Botany) $781 $797 2%
Pakuranga $738 $763 3%
Mangere / Otahuhu / Otara $711 $718 1%
Papatoetoe $719 $724 1%
Manukau / Manurewa $697 $731 5%
Papakura $688 $706 3%
Pukekohe (Tuakau & Waiuku) $653 $671 3%

 

NOTE: The way MBIE is reporting rental data changed. The most recent month’s data was incomplete due to the time taken between a bond being lodged (23 working days to lodge a bond with Tenancy Services) and the details being recorded. Using this incomplete information could result in incorrect conclusions being made about changes in the rental market. Going forward, the report will be two months in arrears, as per the data provided by MBIE.

 

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