{"id":17108,"date":"2026-04-08T06:05:06","date_gmt":"2026-04-07T18:05:06","guid":{"rendered":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=17108"},"modified":"2026-04-08T06:05:06","modified_gmt":"2026-04-07T18:05:06","slug":"the-regions-where-rent-is-dropping-fastest","status":"publish","type":"post","link":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=17108","title":{"rendered":"The regions where rent is dropping fastest"},"content":{"rendered":"

Renters across the country are being asked to pay less for their properties, Realestate.co.nz says, and some regions have had sharper drops than others.<\/p>\n

It said the average asking price for rental properties on the site was down 2 percent in March, to $632 a week. Auckland was down 2.3 percent, year-on-year, Wellington was down 6.3 percent but Canterbury was up 0.6 percent.<\/p>\n

There were some bigger falls elsewhere in the country: Hawke’s Bay was down 8.1 percent, Coromandel was down 11.3 percent and Taranaki was down 4.9 percent.<\/p>\n

The cheapest average asking rent in the country was $433 a week on the West Coast.<\/p>\n

The declines were offset by a sharp increase in Central Otago Lakes, up 12.3 percent to an average $903 a week.<\/p>\n

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