Dunedin Rental Market Update - November 2024 (September stats)

The market continues to show increased movement from tenants between properties as supply increases and rental prices are more aligned with the quality offered.

KEY POINTS

• Median rent increased by 13% year-on-year to $550 per week in September.
• The lower quartile rent increased 18% year-on-year to $410.
• The upper quartile rent increased 3% year-on-year to $600.
• 237 bonds were lodged for the month which was a 13% year-on-year increase. 
• The number of closed bonds was 243, very similar to this time last year.
• The average number of available listings on TradeMe was 497 which is a 24% increase year-on-year.