Dunedin Rental Market Update - May 2025 (March statistics)
The rental market in March showed signs of increase in prices alongside movement in tenant activity and market supply. These trends suggest a changing dynamic between demand, affordability, and availability across the market.

KEY POINTS:

• Median rent increased by 6% year-on-year to $530 per week in March. 
• The lower quartile rent the month presented a 18% increase from this time last year.
• The upper quartile rent remained the same year-on-year which was $595.
• 246 bonds were lodged for the month which was a 23% year-on-year decrease. 
• The number of closed bonds was 243, which was a 13% decrease from this time last year.
• The average number of available listings on TradeMe was 353 which is a 11% increase year-on-year.