Wellington Rental Market Report.

Start with the right source area

A citywide rental figure is useful context, but a property appraisal also needs comparable homes, bedroom count, condition, parking and the exact location. Our Property Market dashboard brings together official MBIE rental bond evidence and identifies the geography behind each result.

Explore Wellington rental evidence

Open a source area below to see the available median, quartiles, bond count and reporting period. Local statistical areas can cover only part of a suburb; use the area name and boundary information shown on the page.

• Wellington City rental statistics for the citywide aggregate.
• Wellington Region rental statistics for the wider regional aggregate.
• Wellington Central and Mount Victoria source areas.
• Karori Park and Newtown North source areas.
• Petone Central and Upper Hutt Central source areas.

Read the period before comparing rents

Bond statistics describe recorded tenancies for a stated period. They are not today's advertised asking rents, and an area's quartile range is not a valuation of an individual home. Check the bedrooms, dwelling type, number of bonds and period before comparing two results. Recent records can be revised as more bonds are recorded.

Tenancy Services explains how bond-based figures are calculated and why they should not be used alone to set a property's rent in Market rent explained.

Apply the evidence to your property

Use the official figures as a starting point, then review comparable properties and your home's features with our team. The free rental appraisal starts with your address, bedrooms and source-area choice. You can view the available official evidence before choosing to request a personal appraisal.