The Dunedin rental market is showing rents continuing to increase while available stock declines. Median rent has increased by 5% year-on-year to $520 per week, with the lower end of the market increasing by 16%, highlighting ongoing affordability challenges. The upper quartile has seen a more moderate increase of 6% to $640. Activity remains steady, with bond lodgements up 10% to 501, while closed bonds have increased significantly by 50% to 768, indicating a higher level of movement within the market and administration being completed by the Bond Centre. At the same time, available listings have reduced by 20% year-on-year to an average of 283 properties, reinforcing the emerging imbalance between supply and demand.