Otago / Southland weekly rents for unfurnished accommodation. Houses | Otago | Southland | Invercargill | Queenstown
Otago / Southland Weekly Rent For 2 Bedroom Houses – Unfurnished
| Location | One quarter of 2 bedroom houses rent for less than: | Average (median) rent for a 2 bedroom house: | One quarter of 2 bedroom houses rent for more than: |
|---|---|---|---|
| Central Otago District | $187 | $210 | $240 |
| Clutha / Southland – Both Districts | $155 | $180 | $197 |
| Queenstown Lakes – Queenstown / Frankton / Arrowtown | $297 | $330 | $420 |
| Queenstown Lakes – Queenstown Central | $212 | $320 | $340 |
| Queenstown Lakes – Wanaka | $245 | $295 | $300 |
| Waitaki District | $192 | $210 | $230 |
| Gore District | $127 | $160 | $171 |
| Invercargill – Central Invercargill / Bluff | $165 | $187 | $210 |
| Invercargill – Suburbs | $188 | $210 | $231 |
Otago / Southland Weekly Rent For 3 Bedroom Houses – Unfurnished
| Location | One quarter of 3 bedroom houses rent for less than: | Average (median) rent for a 3 bedroom house: | One quarter of 3 bedroom houses rent for more than: |
|---|---|---|---|
| Central Otago District | $247 | $260 | $280 |
| Clutha / Southland – Both Districts | $160 | $197 | $230 |
| Queenstown Lakes – Queenstown / Frankton / Arrowtown | $375 | $430 | $490 |
| Queenstown Lakes – Queenstown Central | $380 | $450 | $520 |
| Queenstown Lakes – Wanaka | $300 | $350 | $385 |
| Waitaki District | $230 | $245 | $260 |
| Gore District | $160 | $190 | $217 |
| Invercargill – Central Invercargill / Bluff | $165 | $190 | $220 |
| Invercargill – Suburbs | $210 | $240 | $265 |
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Data provided by the Tenancy Services Division of the New Zealand Government’s Ministry of Housing.
Market rent is described in the Residential Tenancies Act as the amount of money a willing landlord might reasonably expect to receive, and a willing tenant might reasonably expect to pay for the tenancy, in comparison with rent levels for similar properties in similar areas.
Rental prices from the Tenancy Services Division include rentals for social housing so market rents in the lower quarter of prices are unlikely to be found in the private sector in some suburbs.
Rental properties in New Zealand are typically let from around the beginning of the calendar year for 12 months. Because of this there is generally an increase in rents at the beginning of the year.
The Tenancy Services Division figures show that in Otago / Southland the most expensive average rent for a two bedroomed house is in Queenstown Lakes – Queenstown / Frankton / Arrowtown at $330 per week. The cheapest is in Gore District at $160 per week.
For a three bedroomed house in Otago / Southland the most expensive average rent is in Queenstown Lakes – Queenstown Central at $450 per week and the cheapest is in Central Invercargill, Bluff and Gore District at $190 per week.
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