Dunedin Rental Market Update - March 2025 (January statistics)
The market is showing another month of decrease in movement between properties with 84% decrease in bonds lodged year-on-year, further highlighting a consequence of changes in legislation on the market.

KEY POINTS:

• Median rent increased by 7% year-on-year to $736 per week in January. 
• The lower quartile rent remained the same year-on-year which was $450.
• The upper quartile rent increased 5% year-on-year to $1,000.
• 1,329 bonds were lodged for the month which was a 66% year-on-year decrease. 
• The number of closed bonds was 624, which was a 20% decrease from this time last year.
• The average number of available listings on TradeMe was 385 which is a 5% decrease year-on-year.