March 2022

REINZ Residential Rent Review - February 2022 Data

March 2022

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1 Bedroom

SUBURB 2021 2022 Variance %
Orewa (Silverdale to Wellsford) $364 $402 10%
Browns Bay / Torbay / Albany $379 $414 9%
East Coast Bays $446 $427 -4%
Glenfield (Sunnynook, Northcote & Birkdale) $388 $386 -1%
Birkenhead (Northcote Point) $423 $432 2%
Takapuna/ Milford $509 $492 -3%
Devonport $475 $465 -2%
West AKL (Glendene, Glen Eden & Massey) $350 $378 8%
Te Atatu (Westgate & West Harbour) $399 $436 9%
Waterview (Avondale & Titirangi) $329 $374 14%
City Centre (Parnell, Grafton & Newton) $390 $394 1%
Ponsonby (St Marys & Herne Bay) $507 $531 5%
Grey Lynn / Westmere $414 $494 19%
Mt Albert/ Pt Chev $459 $401 -13%
Sandringham (Three Kings & Hillsborough) $388 $441 14%
Mt Roskill (Owairaka & Lynfield) $376 $365 -3%
Mt Eden (Kingsland & Balmoral) $418 $427 2%
Epsom (Newmarket & Royal Oak) $417 $433 4%
One Tree Hill / Ellerslie $379 $438 15%
City Bays (Mission Bay to St Heliers) $442 $480 9%
Remuera $397 $388 -2%
Meadowbank (Remuera South & Glendowie) $415 $379 -9%
Glen Innes / Panmure / Mt Wellington $388 $403 4%
Howick (Bucklands Beach & Botany) $397 $422 6%
Pakuranga $412 $401 -3%
Mangere / Otahuhu / Otara $357 $381 7%
Papatoetoe $360 $379 5%
Manukau / Manurewa $416 $405 -2%
Papakura $304 $371 22%
Pukekohe (Tuakau & Waiuku) $369 $371 1%


2 Bedroom
 

SUBURB 2021 2022 Variance %
Orewa (Silverdale to Wellsford) $494 $518 5%
Browns Bay / Torbay / Albany $508 $535 5%
East Coast Bays $536 $574 7%
Glenfield (Sunnynook, Northcote & Birkdale) $507 $538 6%
Birkenhead (Northcote Point) $527 $504 -4%
Takapuna/ Milford $617 $594 -4%
Devonport $576 $566 -2%
West AKL (Glendene, Glen Eden & Massey) $462 $506 9%
Te Atatu (Westgate & West Harbour) $496 $540 9%
Waterview (Avondale & Titirangi) $479 $517 8%
City Centre (Parnell, Grafton & Newton) $521 $509 -2%
Ponsonby (St Marys & Herne Bay) $696 $723 4%
Grey Lynn / Westmere $664 $677 2%
Mt Albert/ Pt Chev $539 $543 1%
Sandringham (Three Kings & Hillsborough) $520 $529 2%
Mt Roskill (Owairaka & Lynfield) $498 $508 2%
Mt Eden (Kingsland & Balmoral) $567 $579 2%
Epsom (Newmarket & Royal Oak) $553 $568 3%
One Tree Hill / Ellerslie $520 $547 5%
City Bays (Mission Bay to St Heliers) $627 $617 -2%
Remuera $609 $596 -2%
Meadowbank (Remuera South & Glendowie) $561 $581 4%
Glen Innes / Panmure / Mt Wellington $503 $517 3%
Howick (Bucklands Beach & Botany) $533 $543 2%
Pakuranga $491 $514 5%
Mangere / Otahuhu / Otara $472 $488 3%
Papatoetoe $493 $508 3%
Manukau / Manurewa $466 $516 11%
Papakura $458 $484 6%
Pukekohe (Tuakau & Waiuku) $428 $455 6%


3
Bedroom 

SUBURB 2021 2022 Variance %
Orewa (Silverdale to Wellsford) $605 $630 4%
Browns Bay / Torbay / Albany $643 $668 4%
East Coast Bays $689 $721 5%
Glenfield (Sunnynook, Northcote & Birkdale) $622 $645 4%
Birkenhead (Northcote Point) $669 $699 4%
Takapuna/ Milford $765 $753 -2%
Devonport $769 $764 -1%
West AKL (Glendene, Glen Eden & Massey) $569 $598 5%
Te Atatu (Westgate & West Harbour) $598 $629 5%
Waterview (Avondale & Titirangi) $615 $635 3%
City Centre (Parnell, Grafton & Newton) $785 $734 -7%
Ponsonby (St Marys & Herne Bay) $1,027 $1,019 -1%
Grey Lynn / Westmere $877 $902 3%
Mt Albert/ Pt Chev $732 $708 -3%
Sandringham (Three Kings & Hillsborough) $651 $672 3%
Mt Roskill (Owairaka & Lynfield) $618 $628 2%
Mt Eden (Kingsland & Balmoral) $725 $753 4%
Epsom (Newmarket & Royal Oak) $724 $749 3%
One Tree Hill / Ellerslie $691 $691 0%
City Bays (Mission Bay to St Heliers) $854 $859 1%
Remuera $813 $783 -4%
Meadowbank (Remuera South & Glendowie) $753 $772 2%
Glen Innes / Panmure / Mt Wellington $638 $656 3%
Howick (Bucklands Beach & Botany) $655 $673 3%
Pakuranga $600 $614 2%
Mangere / Otahuhu / Otara $592 $639 8%
Papatoetoe $609 $631 4%
Manukau / Manurewa $587 $626 7%
Papakura $578 $603 4%
Pukekohe (Tuakau & Waiuku) $516 $570 10%


4 Bedroom

SUBURB 2021 2022 Variance %
Orewa (Silverdale to Wellsford) $723 $774 7%
Browns Bay / Torbay / Albany $774 $803 4%
East Coast Bays $865 $826 -5%
Glenfield (Sunnynook, Northcote & Birkdale) $741 $773 4%
Birkenhead (Northcote Point) $775 $820 6%
Takapuna/ Milford $910 $1,103 21%
Devonport $1,020 $953 -7%
West AKL (Glendene, Glen Eden & Massey) $664 $725 9%
Te Atatu (Westgate & West Harbour) $697 $789 13%
Waterview (Avondale & Titirangi) $732 $775 6%
City Centre (Parnell, Grafton & Newton) $993 $983 -1%
Ponsonby (St Marys & Herne Bay) $1,346 $1,229 -9%
Grey Lynn / Westmere $1,071 $1,085 1%
Mt Albert/ Pt Chev $848 $847 0%
Sandringham (Three Kings & Hillsborough) $806 $806 0%
Mt Roskill (Owairaka & Lynfield) $745 $790 6%
Mt Eden (Kingsland & Balmoral) $929 $971 5%
Epsom (Newmarket & Royal Oak) $985 $1,005 2%
One Tree Hill / Ellerslie $804 $840 4%
City Bays (Mission Bay to St Heliers) $1,129 $1,094 -3%
Remuera $1,149 $1,128 -2%
Meadowbank (Remuera South & Glendowie) $949 $940 -1%
Glen Innes / Panmure / Mt Wellington $759 $793 5%
Howick (Bucklands Beach & Botany) $749 $786 5%
Pakuranga $728 $711 -2%
Mangere / Otahuhu / Otara $664 $724 9%
Papatoetoe $698 $696 0%
Manukau / Manurewa $685 $716 4%
Papakura $644 $690 7%
Pukekohe (Tuakau & Waiuku) $614 $657 7%

 

NOTE: The way MBIE is reporting rental data to REINZ has changed. They will no longer be providing rental data from the previous month, with the intention of providing a more complete and accurate picture of all bonds lodged by tenancy start date. 

Previously, 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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