February 2024

REINZ Residential Rent Review

February 2024

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1 Bedroom

SUBURB 2023 2024 Variance %
Orewa (Silverdale to Wellsford) $389 $408 5%
Browns Bay / Torbay / Albany $445 $489 10%
East Coast Bays $448 $434 -3%
Glenfield (Sunnynook, Northcote & Birkdale) $393 $442 12%
Birkenhead (Northcote Point) $423 $487 15%
Takapuna/ Milford $511 $517 1%
Devonport $483 $544 13%
West AKL (Glendene, Glen Eden & Massey) $365 $422 16%
Te Atatu (Westgate & West Harbour) $427 $493 15%
Waterview (Avondale & Titirangi) $381 $441 16%
City Centre (Parnell, Grafton & Newton) $405 $456 12%
Ponsonby (St Marys & Herne Bay) $494 $556 13%
Grey Lynn / Westmere $481 $571 19%
Mt Albert/ Pt Chev $401 $457 14%
Sandringham (Three Kings & Hillsborough) $426 $464 9%
Mt Roskill (Owairaka & Lynfield) $358 $424 19%
Mt Eden (Kingsland & Balmoral) $430 $485 13%
Epsom (Newmarket & Royal Oak) $445 $504 13%
One Tree Hill / Ellerslie $437 $494 13%
City Bays (Mission Bay to St Heliers) $445 $462 4%
Remuera $445 $462 4%
Meadowbank (Remuera South & Glendowie) $410 $458 12%
Glen Innes / Panmure / Mt Wellington $406 $468 15%
Howick (Bucklands Beach & Botany) $383 $457 19%
Pakuranga $393 $405 3%
Mangere / Otahuhu / Otara $420 $379 -10%
Papatoetoe $380 $411 8%
Manukau / Manurewa $391 $438 12%
Papakura $370 $378 2%
Pukekohe (Tuakau & Waiuku) $413 $423 2%

 

 2 Bedroom

SUBURB 2023 2024 Variance %
Orewa (Silverdale to Wellsford) $530 $563 6%
Browns Bay / Torbay / Albany $524 $571 9%
East Coast Bays $556 $622 12%
Glenfield (Sunnynook, Northcote & Birkdale) $532 $591 11%
Birkenhead (Northcote Point) $556 $603 9%
Takapuna/ Milford $591 $656 11%
Devonport $646 $625 -3%
West AKL (Glendene, Glen Eden & Massey) $503 $570 13%
Te Atatu (Westgate & West Harbour) $560 $599 7%
Waterview (Avondale & Titirangi) $509 $580 14%
City Centre (Parnell, Grafton & Newton) $522 $599 15%
Ponsonby (St Marys & Herne Bay) $681 $762 12%
Grey Lynn / Westmere $691 $761 10%
Mt Albert/ Pt Chev $550 $609 11%
Sandringham (Three Kings & Hillsborough) $526 $585 11%
Mt Roskill (Owairaka & Lynfield) $516 $575 11%
Mt Eden (Kingsland & Balmoral) $565 $618 9%
Epsom (Newmarket & Royal Oak) $564 $625 11%
One Tree Hill / Ellerslie $535 $606 13%
City Bays (Mission Bay to St Heliers) $607 $669 10%
Remuera $618 $733 19%
Meadowbank (Remuera South & Glendowie) $566 $626 11%
Glen Innes / Panmure / Mt Wellington $522 $588 13%
Howick (Bucklands Beach & Botany) $557 $591 6%
Pakuranga $526 $566 8%
Mangere / Otahuhu / Otara $487 $572 17%
Papatoetoe $519 $563 8%
Manukau / Manurewa $511 $564 10%
Papakura $498 $550 11%
Pukekohe (Tuakau & Waiuku) $463 $527 14%

 

 3 Bedroom

SUBURB 2023 2024 Variance %
Orewa (Silverdale to Wellsford) $654 $686 5%
Browns Bay / Torbay / Albany $673 $725 8%
East Coast Bays $742 $763 3%
Glenfield (Sunnynook, Northcote & Birkdale) $648 $692 7%
Birkenhead (Northcote Point) $687 $776 13%
Takapuna/ Milford $748 $853 14%
Devonport $838 $873 4%
West AKL (Glendene, Glen Eden & Massey) $601 $655 9%
Te Atatu (Westgate & West Harbour) $643 $673 5%
Waterview (Avondale & Titirangi) $631 $698 11%
City Centre (Parnell, Grafton & Newton) $782 $876 12%
Ponsonby (St Marys & Herne Bay) $972 $1,023 5%
Grey Lynn / Westmere $879 $973 11%
Mt Albert/ Pt Chev $699 $778 11%
Sandringham (Three Kings & Hillsborough) $673 $718 7%
Mt Roskill (Owairaka & Lynfield) $635 $702 11%
Mt Eden (Kingsland & Balmoral) $744 $781 5%
Epsom (Newmarket & Royal Oak) $754 $807 7%
One Tree Hill / Ellerslie $692 $643 -7%
City Bays (Mission Bay to St Heliers) $837 $893 7%
Remuera $818 $892 9%
Meadowbank (Remuera South & Glendowie) $776 $812 5%
Glen Innes / Panmure / Mt Wellington $657 $715 9%
Howick (Bucklands Beach & Botany) $676 $733 8%
Pakuranga $634 $691 9%
Mangere / Otahuhu / Otara $631 $682 8%
Papatoetoe $647 $698 8%
Manukau / Manurewa $629 $675 7%
Papakura $617 $669 9%
Pukekohe (Tuakau & Waiuku) $586 $619 6%

 

4 Bedroom

SUBURB 2023 2024 Variance %
Orewa (Silverdale to Wellsford) $778 $825 6%
Browns Bay / Torbay / Albany $818 $880 8%
East Coast Bays $851 $988 16%
Glenfield (Sunnynook, Northcote & Birkdale) $761 $850 12%
Birkenhead (Northcote Point) $843 $860 2%
Takapuna/ Milford $986 $995 1%
Devonport $1,064 $986 -7%
West AKL (Glendene, Glen Eden & Massey) $731 $772 6%
Te Atatu (Westgate & West Harbour) $767 $818 7%
Waterview (Avondale & Titirangi) $767 $863 13%
City Centre (Parnell, Grafton & Newton) $945 $1,050 11%
Ponsonby (St Marys & Herne Bay) $1,300 $1,287 -1%
Grey Lynn / Westmere $1,007 $1,159 15%
Mt Albert/ Pt Chev $883 $844 -4%
Sandringham (Three Kings & Hillsborough) $821 $898 9%
Mt Roskill (Owairaka & Lynfield) $795 $861 8%
Mt Eden (Kingsland & Balmoral) $936 $1,014 8%
Epsom (Newmarket & Royal Oak) $1,013 $1,090 8%
One Tree Hill / Ellerslie $839 $938 12%
City Bays (Mission Bay to St Heliers) $1,084 $1,148 6%
Remuera $1,138 $1,200 6%
Meadowbank (Remuera South & Glendowie) $943 $1,043 11%
Glen Innes / Panmure / Mt Wellington $807 $905 12%
Howick (Bucklands Beach & Botany) $797 $855 7%
Pakuranga $763 $821 8%
Mangere / Otahuhu / Otara $718 $783 9%
Papatoetoe $724 $774 7%
Manukau / Manurewa $731 $790 8%
Papakura $706 $769 9%
Pukekohe (Tuakau & Waiuku) $671 $710 6%

 

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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