Rental market data for November 2025 reported a 4% year-on-year reduction in the median rent to $520 per week. While median rents eased, the lower quartile increased slightly by 4% with the Upper quartile rents remaining stable at $618 per week.

Market activity reported a reduction in bonds lodged, down 7% year-on-year to 243, while closed bonds reduced by a significant 60% to 129, indicating reduced tenant turnover. At the same time, rental supply increased, with an average of 485 listings on Trade Me, representing a 22% rise in available properties compared to last year.