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flag New Zealand's median rent dropped 3.1% year-on-year in February 2026, with pet-friendly rentals rising due to new tenancy laws.

flag In February 2026, New Zealand’s national median weekly rent held steady at $620, a 3.1% drop from the same month last year, with Northland the only region to see a year-on-year increase. flag The Bay of Plenty became the most expensive region at $660, surpassing Auckland. flag Student housing pressures persisted in cities like Palmerston North, where demand surged 21% amid a 14% supply drop. flag A major shift followed new tenancy laws effective December 2025, leading to a rise in pet-friendly listings, with 39% of new rentals marked as "pets negotiable"—up from 13% in November—while "no pets" listings fell from 52% to 29%. flag Explicitly pet-friendly listings declined from 18% to 9%, indicating a move toward negotiation. flag Experts recommend tenants provide pet resumes and offer pet bonds.

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