Rental price increase: Southland 'certainly bucking the trend'
Southland’s average weekly rent hit $489 in June, the region’s highest on record.
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Southland’s average weekly rental prices have hit an all-time high, according to realestate.co.nz.
Southland’s average weekly rent hit $489 in June, the region’s highest on record.
It’s a 6.1% increase compared to June 2024 ($461).
Although at an average of $489 Southlanders are still paying far less in rent than most in New Zealand. The national average at $636 in June this year.
The latest rental figures are a continuing growth trend for the Southland property market, which also set an all-time asking price high for the second month in a row in the June 2025 New Zealand Property Market report.
The increase in average rental prices in Southland is in contrast to the national norm, where across most parts of the country there has been a drop.
The latest data from realestate.co.nz shows the national average rental price was $636 in June this year, down 2.7% from $653 in June 2024.
And Wellington’s average rental price, which is leading the charge, dropped a hefty 10.9% to $625 per week. That’s compared to $701 per week at the same time last year.
Realestate.co.nz spokesperson Vanessa Williams said Southland’s performance has been an intriguing one to follow.
“The region is certainly bucking the trend, for both home buyers and renters. It will be interesting to see what Southland’s property market does over the coming months as we move into spring.”
I guess it really flies in the face of the government offering additional incentives in the form of tax relief to Landlords - and then we see data which tells us there are no benefits drifting down to the tenants, with record high rents and increases in rent - since the government tax relief for Landlords was announced.