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Northland only region to record increase in rents
Rental Price Index - February 2026
By Casey Wylde 20 March 2026
Rental prices by region, with year-on-year comparison. February 2026 v February 2025
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| Location | Median weekly rent | Price change YoY | Demand change YoY | Supply change YoY | |||||
|---|---|---|---|---|---|---|---|---|---|
| Wellington | Wellington | $650 | $650 | -5.8% | -5.8% | +13% | +13% | -20% | -20% |
| Auckland city | Auckland city | $625 | $625 | -2.3% | -2.3% | +15% | +15% | -11% | -11% |
| Palmerston North | Palmerston North | $580 | $580 | +1.8% | +1.8% | +21% | +21% | -14% | -14% |
| Hamilton | Hamilton | $570 | $570 | -1.7% | -1.7% | +6% | +6% | +4.5% | +4.5% |
| Christchurch city | Christchurch city | $570 | $570 | 0% | 0% | +15% | +15% | -5% | -5% |
| Dunedin | Dunedin | $560 | $560 | -1.8% | -1.8% | +14% | +14% | -8% | -8% |
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| Region | Rental Price Index | ||
|---|---|---|---|
| Auckland | Auckland | $650 | $650 |
| Bay of Plenty | Bay of Plenty | $660 | $660 |
| Canterbury | Canterbury | $570 | $570 |
| Gisborne | Gisborne | $650 | $650 |
| Hawke's Bay | Hawke's Bay | $640 | $640 |
| Manawatu/Whanganui | Manawatu/Whanganui | $550 | $550 |
| Marlborough | Marlborough | $565 | $565 |
| Nelson/Tasman | Nelson/Tasman | $585 | $585 |
| Northland | Northland | $595 | $595 |
| Otago | Otago | $580 | $580 |
| Southland | Southland | $480 | $480 |
| Taranaki | Taranaki | $590 | $590 |
| Waikato | Waikato | $580 | $580 |
| Wellington | Wellington | $640 | $640 |
| West Coast | West Coast | NA | NA |
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