Property Market – Students face rising rents despite more properties on offer in university towns

Source: Brainchild PR for RealEstate.co.nz

  • Supply of rental properties has surged in Dunedin City, Wellington City, Palmerston North City and Hamilton City
  • Dunedin City recorded a 12.2% year-on-year average rental price increase to $709/week

Despite an influx of rental properties in key university towns, students are potentially paying more to secure accommodation in some cities.

New rental data from realestate.co.nz shows that average rents in Dunedin City increased 12.2% year-on-year to $709/week despite 66.2% more rental properties listed compared to the same time last year. Hamilton City was another university town to record a surge in listings, with 17.9% more properties available than July last year.

Vanessa Williams, spokesperson for realestate.co.nz, says Dunedin City’s sharp rise in supply hasn’t slowed rent increases, suggesting sustained tenant demand.

“We’re seeing strong momentum in rental listings in some regions, and this appears to be impacting prices. Key student cities continue to feel pressure in the rental market and even with more properties available, affordability remains a challenge, particularly for those on a tight budget.”

Elsewhere, students could enjoy greater choice alongside cheaper rents. Year-on-year new listings increased while average asking prices decreased in Christchurch City, Palmerston North City, Wellington City, and Auckland City.

Christchurch City’s average rent of $650/week was down 3.2% on July last year, while Palmerston North City’s average rent fell 2.3% in the same period to $561/week, and Auckland City’s average rent dropped 2.8% to $687/week.

However, Wellington City reported the most significant decline in average rental prices, down 14.6% year-on-year to $602/week.

“There’s a noticeable shift happening in Wellington City’s rental market. The sharp rise in available rental properties has put some downward pressure on prices, which could suggest that landlords are adjusting expectations to remain competitive in a market with significantly more choice.”

National average rents hold steady at $638/week despite surge in listings

Nationally, the average weekly rent of $638 in July was down 1.7% year-on-year. However, rental supply rose sharply with 16.2% more new listings coming onto the site compared to July last year.

“Despite a noticeable lift in rental supply, national prices remained surprisingly stable during July.” says Williams. “This suggests rental demand is strong across much of the country, whether this continues will depend on how supply and demand play out over the coming months.”

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Dedicated only to property, our mission is to empower people with a property search tool they can use to find the life they want to live. With residential, lifestyle, rural and commercial property listings, realestate.co.nz is the place to start for those looking to buy or sell property.

Glossary of terms:

The average weekly rental rate is an indication of current market sentiment. It is calculated by taking the asking rental rate of every residential property listed during that month and dividing it by the total number of rental properties. The average is a truncated mean.

New listings are a record of all the new residential dwellings listed for rent on realestate.co.nz for the relevant calendar month. Listings on the site include rental properties listed by Property Managers and private landlords and provide a representative view of the New Zealand rental property market.

Stock is the total number of residential dwellings that are for rent on realestate.co.nz on the penultimate day of the month.

Greenpeace – Jones moves to greenlight ocean destruction through reforms

Source: Greenpeace

Greenpeace says moves to weaken ocean protection through dodgy fisheries “reforms” will be met with strong opposition, as Oceans and Fisheries Minister Shane Jones announces he wants to proceed with a raft of proposed changes to fisheries laws. The controversial changes are some of the largest in decades, and would restrict public access to cameras on boats footage, remove the requirement for fishers to land all their catch, and stop legal challenges to catch limits that have been successful in protecting species in recent years.
The reforms will also give the Minister the ability to set catch limits for five years,
Greenpeace oceans campaigner Ellie Hooper says these proposals give the industry carte blanche on ocean destruction, weaken transparency and block the public from having input into fisheries decisions.
“These changes spell disaster for the already struggling ocean around us.
“Championed by the Minister for Oceans & Fisheries, the changes green light ocean destruction and remove the already minimal checks and balances designed to keep the fishing industry accountable”, she says. “It is yet another example of how this government is pandering to the fishing industry while ignoring the overwhelming majority of New Zealanders who want more ocean protection, not less. New Zealanders want a healthy, thriving ocean where fish are plentiful and ecosystems are thriving.
“These reforms will mean more destruction, more decline in fish populations, and will allow the industry to go back to operating in the dark – hiding the impact they have.”
One of the proposed reforms is to restrict access to footage from cameras on boats to industry and government only.”This is not how it should work,” says Hooper.
“There are far more people in this country than just the commercial fishing industry who have a right to know how the ocean is being impacted, and have a say on what happens about protecting it.”
Hooper also warns that setting catch limits for five years could spell disaster for fish numbers, noting the recent collapse of the Chatham Rise Orange Roughy fishery, which has been so mismanaged it could now be at 8% of its original size. “Greenpeace, backed by thousands of New Zealanders, stands for defending nature and ocean health. We are calling for an urgent end to destructive bottom trawling on seamounts and other vulnerable features, and for all footage from cameras on boats to be made accessible via the OIA (The Offical Information Act).

Unemployment rate at 5.2 percent in the June 2025 quarter – Stats NZ media and information release: Labour market statistics: June 2025 quarter