News & Research

Nationwide Annual Change in Value and Rent

26 April 2018

The level of rents across the country was unchanged from February to March, at $410 per week.

The level of rents across the country was unchanged from February to March, at $410 per week. Using a smoothed three month annual growth rate, the increase from a year ago was 4.7%, slightly slower than February’s figure of 4.8%.

Gross rental yields edged down a little in March, from 3.2% to 3.1%. However, that was only a small dip and more generally the flat picture continued – yields have either been 3.1% or 3.2% every month since July 2016.

Wellington continues to lead the main centres in terms of rental growth, up by 8.2% year on year. The other North Island main centres are also recording solid gains, while rents in Christchurch and Dunedin have only dipped by small amounts over the past year.

CoreLogic logo

Terms of use | Privacy| International Solutions
© 2014 CoreLogic NZ Limited. All rights reserved.

FacebookLinkedInTwitterYouTube