Auckland is ahead of Wellington as New Zealand’s most expensive city for renters, but rents in the capital have risen more in real terms since 2000.

The trends can be seen in an interactive Herald chart, which uses official government data adjusted for inflation to track 21 years of rent increases in our most expensive cities.

Rising rents in Auckland
Rising rents in Auckland

At the start of 2000, Auckland’s average residential rent was $ 250 per week, according to figures from Tenancy Services, which is part of the Department of Business, Innovation and Employment. Adjusted for inflation, this comes down to $ 388 per week in 2021 dollars.

Today, Auckland’s average residential rent is $ 564 per week, which is a 45% increase in real terms.

The average rent in the Wellington area was $ 235 per week at the start of the millennium, which works out to $ 338 per week in 2021 dollars.

Rising rents in Wellington
Rising rents in Wellington

Today it has risen to $ 517 per week, a 53% increase in real terms.

The suburbs of Auckland and Wellington generally have higher rents than the rest of the country. Few of Christchurch’s suburbs, for example, have average rents above $ 500 per week.

No suburbs in Queenstown currently have rents above $ 700 per week, although Kelvin Heights, Warren Park and Lake Hayes exceeded that level in 2019 before Covid hit.

Outside of Auckland and Wellington, Tauranga is the area with the fastest rising rental prices, but again, no suburb averages over $ 700 per week.

The interactive shows the most expensive rental suburbs in yellow ($ 500 to $ 600 / week), orange ($ 600 to $ 700 / week) and red (over $ 700 / week). All prices are adjusted for inflation at $ 2,021.

Explore the full interactive here on NZ Herald Premium

Renters United organizer Robert Whitaker said he was “unfortunately not at all surprised” by the Herald’s rent increase data.

“It is getting more and more expensive and we are now seeing it spread to Tauranga, Hamilton and elsewhere. We need much more government intervention on the supply side and to protect tenants through rent controls. “

Successive governments had turned a blind eye to the rising cost of renting, which for aspiring homeowners meant that income was being diverted from saving for a deposit, he said.

For those with low incomes, this has forced people to make impossible choices between paying the bills, feeding and feeding their families, and losing their homes.

When the government introduced its rent changes to a furious backlash from some real estate investors and commentators, Greens housing spokesperson Chloe Swarbrick accused landlords of crying ‘crocodile tears’ after a year incredible capital gains and lower mortgage interest rates.

Andrew King, president of the New Zealand Federation of Real Estate Investors, rejects the request.

“We actually agreed with most aspects of the changes, but we had real concerns about some, in particular the removal of the 90-day notices,” King said of the Feb. 11 changes. larger in 35 years since the passage of the original law.

Philippa Howden-Chapman, professor of public health at the University of Otago, is concerned about rising costs.

She said many studies have shown there is a growing problem of severe housing deprivation.

She worried about the number of people whose rent swallowed up more than 50% of their income, who lived in dilapidated conditions or in places where there was no privacy or security of tenure.


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