Dunedin Rental Market Update - June 2025 (April statistics)
April’s rental market data highlights ongoing affordability pressures, with rents continuing to increase, particularly at the lower end, despite a decrease in tenant movement. The decrease in both new and closed bonds, alongside a slight increase in available listings, suggests a market navigating a change demand and constrained affordability.

KEY POINTS:

• Median rent increased by 6% year-on-year to $530 per week in April. 
• 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 $600.
• 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.