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New Zealand rents fell 3.2% in October 2025 due to rising supply, but social housing tenants in Wellington faced a 2.2% increase.
New Zealand renters saw average weekly rents drop 3.2% to $628 in October 2025, driven by a surge in rental supply—up 11.4% year-on-year—giving tenants more choice and bargaining power.
While national food prices rose 4.1%, regional declines were widespread: Auckland fell 3.4%, Wellington saw drops of up to 11.5%, and Waikato hit a record 743 new listings.
Despite rising supply, Canterbury rents held steady.
However, social housing tenants in Wellington faced a 2.2% rent increase, sparking frustration amid falling private rents and rising living costs.
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Los alquileres de Nueva Zelanda cayeron un 3,2% en octubre de 2025 debido al aumento de la oferta, pero los inquilinos de vivienda social en Wellington enfrentaron un aumento del 2,2%.