Stats NZ

Rental price indexes: February 2023

The rental price indexes measure the changes in prices that households pay for housing rentals.

Key facts

Monthly change

In February 2023 compared with January 2023:

  • the index for the stock measure of rental property prices rose 0.4 percent
  • the index for the flow measure of rental property prices fell 1.3 percent.
Created with Highcharts 5.0.14PercentPercent change in rental price indexes, stock vs flow, monthly, February 2019‒2023FlowStockFeb-19Mar-19Apr-19May-19Jun-19Jul-19Aug-19Sep-19Oct-19Nov-19Dec-19Jan-20Feb-20Mar-20Apr-20May-20Jun-20Jul-20Aug-20Sep-20Oct-20Nov-20Dec-20Jan-21Feb-21Mar-21Apr-21May-21Jun-21Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-22Apr-22May-22Jun-22Jul-22Aug-22Sep-22Oct-22Nov-22Dec-22Jan-23Feb-23-2024Stats NZ

Percent change in rental price indexes, stock vs flow, monthly, February 2019‒2023

Created with Highcharts 5.0.14PercentPercent change in rental price indexes, stock vs flow, monthly, February 2019‒2023FlowStockFeb-19Mar-19Apr-19May-19Jun-19Jul-19Aug-19Sep-19Oct-19Nov-19Dec-19Jan-20Feb-20Mar-20Apr-20May-20Jun-20Jul-20Aug-20Sep-20Oct-20Nov-20Dec-20Jan-21Feb-21Mar-21Apr-21May-21Jun-21Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-22Apr-22May-22Jun-22Jul-22Aug-22Sep-22Oct-22Nov-22Dec-22Jan-23Feb-23-2024Stats NZ
MonthFlowStock
Feb-191.70.3
Mar-1910.5
Apr-190.10.3
May-19-0.20.3
Jun-19-0.10.3
Jul-19-0.70.3
Aug-190.70.3
Sep-190.30.1
Oct-19-0.70.2
Nov-192.50.2
Dec-19-0.70.3
Jan-2000.3
Feb-200.20.3
Mar-200.80.3
Apr-20-1.80.4
May-20-0.60.3
Jun-200.30.2
Jul-200.40.2
Aug-20-1.10.2
Sep-201.70.2
Oct-200.70.2
Nov-2010.2
Dec-20-0.10.2
Jan-2110.3
Feb-210.30.3
Mar-21-0.30.4
Apr-21-0.20.3
May-210.70.5
Jun-210.60.2
Jul-210.40.3
Aug-21-0.60.2
Sep-213.90.2
Oct-21-1.10.3
Nov-211.10.3
Dec-21-0.10.4
Jan-220.70.3
Feb-22-0.60.3
Mar-220.90.4
Apr-220.80.5
May-22-0.80.3
Jun-220.40.4
Jul-22-0.70.2
Aug-22-10.3
Sep-22-10.2
Oct-221.70.3
Nov-220.30.2
Dec-2200.3
Jan-232.70.2
Feb-23-1.30.4

Annual change

In February 2023 compared with February 2022:

  • the index for the stock measure of rental property prices increased 3.9 percent
  • the index for the flow measure of rental property prices increased 2.1 percent.

About the flow measure of rents

The flow measure of rents captures rental price changes only for dwellings that have a new tenancy started in the reference month. It tends to be more volatile than the stock measure, which shows rental price changes across the whole rental population, including renters currently in tenancies.

More data

Use Infoshare to access time-series data. For this release, select the following categories:

Subject category: Economic indicators
Group: Consumers price index – CPI

ISSN 2703-2574

Next release

Rental price indexes: March 2023 will be released on 17 April 2023.

Related topics
Related releases