National median rents fall for first time since 2009

Thursday 24 July 2025 · 3 outlets · 3 reports · updated Thu 24 Jul 2025, 7:21am

In this story Ministry of Business, Innovation and Employment, Cotality NZ, Kelvin Davidson

National median rents decreased by 0.3% over the three months to May, according to Cotality. This marks the first annual decline since late 2009, with the most significant drops recorded in Auckland and Wellington.

How they headlined it

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1. NZ HeraldThu 24 Jul 2025, 5:00am

   Rental market softens: Median Auckland price down 2% on year, ‘affordability ceiling’ curbs rises (opens in new tab)

2. Stuff via RNZThu 24 Jul 2025, 6:53am

   Rents fall for first time since 2009 (opens in new tab)

3. 1News via RNZThu 24 Jul 2025, 7:21am

   Rents see slight fall for first time since 2009, but not everywhere (opens in new tab)