-- National average rent in New Zealand saw a 1.4% decline to NZ$631 per week in April, compared with NZ$640 per week during the same time last year, and almost NZ$30 below the highest recorded rent in May 2024 of NZ$660 per week, according to figures from realestate.co.nz.
Rent also decreased in most parts of the country, with the average weekly rent falling in 10 of 19 regions compared with last year.
Central North Island rents fell to NZ$566 per week in April this year from NZ$619 in April 2025, while Gisborne rents fell to NZ$628 per week from NZ$664.
Wellington also saw a year-on-year decline to NZ$620 per week from NZ$647 per week.
Meanwhile, national new rental listings rose 5.1% in April this year to 6,165 from 5,868 in the same period last year.