Dunedin Rental Market Update - July 2025 (May statistics)
The rental market strengthened in May, with the median rent up 12% to $530 and strong growth at the lower end. Rising bond lodgements and listings point to increased activity, while fewer closed bonds suggest reduced tenant turnover.

KEY POINTS:

• Median rent increased by 12% year-on-year to $530 per week in May. 
• The lower quartile rent the month presented a 18% increase from this time last year.
• The upper quartile rent has increased 5% year-on-year which was $630.
• 222 bonds were lodged for the month which was a 25% year-on-year increase. 
• The number of closed bonds was 255, which was a 10% decrease from this time last year.
• The average number of available listings on TradeMe was 353 which is a 22% increase year-on-year.