New Zealand Rent Price Trends
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Most countries include rent prices within their Consumer Price Index (CPI/HICP), so inflation-adjusted figures are not available. Our Rent Price Index offers a clear, high-level view of rental market trends over time.
Quarterly change in rent prices
| Q1 | Q2 | Q3 | Q4 | |
| 2025 | 0.69% | 0.63% | 0.37% | 0.26% |
| 2024 | 1.18% | 1.10% | 0.99% | 0.84% |
| 2023 | 1.03% | 1.01% | 1.28% | 1.12% |
| 2022 | 1.05% | 1.15% | 1.11% | 0.99% |
| 2021 | 0.88% | 0.83% | 0.84% | 1.20% |
| 2020 | 1.12% | 0.53% | 0.62% | 0.61% |
| 2019 | 0.52% | 0.82% | 0.91% | 0.82% |
| 2018 | 0.56% | 0.65% | 0.53% | 0.63% |
| 2017 | 0.74% | 0.31% | 0.65% | 0.58% |
| 2016 | 0.49% | 0.51% | 0.47% | 0.55% |
| 2015 | 0.63% | 0.57% | 0.61% | 0.66% |
| 2014 | 0.46% | 0.60% | 0.60% | 0.46% |
| 2013 | 0.52% | 0.45% | 0.50% | 0.57% |
| 2012 | 0.73% | 0.53% | 0.61% | 0.53% |
| 2011 | 0.49% | 0.52% | 0.46% | 0.53% |
| 2010 | 0.35% | 0.43% | 0.47% | 0.34% |
| 2009 | 0.15% | 0.28% | 0.17% | 0.42% |
| 2008 | 1.01% | 0.69% | 0.72% | 0.52% |
| 2007 | 0.83% | 0.63% | 0.71% | 0.66% |
| 2006 | 0.23% | 1.06% | 0.23% | 0.89% |
| 2005 | 0.68% | 0.56% | 0.82% | 0.42% |
| 2004 | 1.33% | 0.55% | 0.42% | 0.62% |
| 2003 | 0.91% | 1.02% | 0.59% | 0.67% |
| 2002 | 1.05% | 0.67% | 0.24% | 0.87% |
| 2001 | -8.75% | -0.01% | -0.88% | 0.55% |
| 2000 | 0.74% | 0.10% | -1.08% | 0.08% |
| 1999 | -0.51% | 0.35% | -0.45% | 0.19% |
| 1998 | 0.66% | 0.47% | -0.65% | -0.72% |
| 1997 | 0.58% | 0.66% | 1.17% | 1.43% |
| 1996 | 1.56% | 1.24% | 0.26% | 0.85% |
| 1995 | 1.83% | 0.72% | 1.35% | 1.36% |
| 1994 | 1.32% | 1.74% | 2.60% | 1.68% |
| 1993 | 0.61% | 1.65% | 1.82% | 1.39% |
| 1992 | -0.15% | 0.06% | -0.15% | 0.83% |
| 1991 | 0.84% | -0.11% | -0.27% | -0.13% |
| 1990 | 2.84% | 1.26% | 0.80% |
This table shows the nominal change in rent prices during a single quarter.
Yearly change in rent prices
| Year | Nominal Change |
| 2025 | 1.96% |
| 2024 | 4.17% |
| 2023 | 4.52% |
| 2022 | 4.38% |
| 2021 | 3.81% |
| 2020 | 2.91% |
| 2019 | 3.11% |
| 2018 | 2.39% |
| 2017 | 2.30% |
| 2016 | 2.03% |
| 2015 | 2.49% |
| 2014 | 2.13% |
| 2013 | 2.06% |
| 2012 | 2.42% |
| 2011 | 2.01% |
| 2010 | 1.60% |
| 2009 | 1.02% |
| 2008 | 2.98% |
| 2007 | 2.86% |
| 2006 | 2.43% |
| 2005 | 2.51% |
| 2004 | 2.95% |
| 2003 | 3.23% |
| 2002 | 2.86% |
| 2001 | -9.06% |
| 2000 | -0.18% |
| 1999 | -0.42% |
| 1998 | -0.25% |
| 1997 | 3.89% |
| 1996 | 3.96% |
| 1995 | 5.37% |
| 1994 | 7.55% |
| 1993 | 5.58% |
| 1992 | 0.60% |
| 1991 | 0.32% |
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This table shows how house prices have shifted over the past year. It compares the latest quarter or month of the current year with the same period a year earlier, giving you a quick view of whether prices have risen or fallen.
