Press and data

Rental Data Room

Two analyses built from primary government statistics on the New Zealand and Australian rental markets, with the source workbooks, checksums and parsed outputs behind them. Free to quote and republish under the licence named on each dataset. No embargo, and no approval over copy.

Datasets

2 primary, 3 comparative

Sample

494,316 New Zealand bonds; 2,261,080 Australian investors

Licences

CC BY 3.0 NZ and CC BY 4.0

Verification

SHA-256 checksum per source file

Three findings we think are stories

Australia

Almost exactly half of Australia's rental investors ran at a loss

49.41%of 2,261,080 individuals

In 2022-23, 2,261,080 Australians held an interest in at least one rental property, and 49.41% reported an overall net rent loss. Interest on loans made up 44.26% of total rental expenses, the single largest deduction category and the clearest explanation for why losses stayed common through that income year.

New South Wales accounted for 789,131 of those investors, or 34.9%. Some 38.94% of rental investors had taxable income above A$100,000, and 9.49% held three or more property interests.

Australian Taxation Office, Taxation statistics 2022-23, Individuals Tables 26, 27A, 27B and 27C. Retrieved 30 April 2026. Licensed CC BY 4.0. Read the full report

New Zealand

Landlords report 87% Healthy Homes compliance; assessments find breaches in about half

87% vs about 50%self-reported against assessed

87% of New Zealand landlords reported full compliance with the Healthy Homes Standards, and 95% said they were aware of them. Of roughly 1,100 properties proactively assessed in 2024, close to half were found in breach. The two figures measure different things - one is a survey, the other an inspection - and the distance between them is the story.

A quarter of all tenant applications to the Tenancy Tribunal relate to Healthy Homes concerns, making it the largest single category of tenant-initiated complaints.

Self-reported figures: Ministry of Housing and Urban Development, Healthy Homes Guarantee Act monitoring report, Wave 4, March 2024. Assessment figures: RNZ, 2025. Read the full report

New Zealand

The bonded rental market grew 7.1% in a year while median rent fell

494,316 bondsup 7.1%, while median weekly rent fell to NZ$595

494,316 active residential rental bonds were held with Tenancy Services in March 2026, up from 461,373 a year earlier and up 26.2% over five years from 391,830 in March 2021. Over the same year the national median weekly rent slipped from NZ$600 to NZ$595.

More tenancies and slightly cheaper rent is a different market from the rent-led growth of the preceding years. Auckland held 162,510 active bonds, 32.9% of the national total.

Ministry of Business, Innovation and Employment (Tenancy Services), rental bond data, February 1993 to March 2026. Retrieved 21 May 2026. Licensed CC BY 3.0 NZ. Read the full report

New Zealand: active bonds by region, March 2026

Region	Active bonds	Share
Auckland	162,510	32.88%
Canterbury	53,427	10.81%
Wellington	48,990	9.91%
Waikato	38,151	7.72%
Bay of Plenty	22,887	4.63%
Otago	20,451	4.14%
Manawatu-Wanganui	18,522	3.75%
Northland	10,788	2.18%
Hawke's Bay	9,774	1.98%
Taranaki	7,485	1.51%
Not specified	81,963	16.58%

The full sixteen-region table and the source CSV are in the file list below.

Australia: rental investors by state, 2022-23

State or territory	Individuals	Share
New South Wales	789,131	34.90%
Victoria	573,988	25.39%
Queensland	376,211	16.64%
Western Australia	217,836	9.63%
South Australia	132,660	5.87%
Overseas	64,654	2.86%
Australian Capital Territory	49,511	2.19%
Tasmania	35,734	1.58%
Northern Territory	19,846	0.88%
Unknown	1,509	0.07%

Australian Taxation Office Individuals Table 27C, Taxation statistics 2022-23. Retrieved 30 April 2026.

Before you quote these numbers

The A$1.59 billion figure and the 49.41% figure are not in conflict

Rental property schedules recorded A$1.59 billion in net rental income after expenses in 2022-23, in the same year 49.41% of investors reported an overall net rent loss. Table 26 totals schedule-level dollars; Table 27A counts individuals by their overall outcome. They answer different questions, and reporting one as contradicting the other would be wrong.

New Zealand bond data

Covers tenancies with a bond lodged with Tenancy Services. It excludes rentals with no lodged bond, most social housing, and informal arrangements, so it understates total rented stock.
16.58% of bonds carry no region code at source. Regional shares above are of all bonds, including those.
Inland Revenue publishes no rental-isolated income table comparable to the Australian Taxation Office's, so we make no claim about New Zealand investor income concentration.

Australian tax data

The analysis normalises published Australian Taxation Office tables into headline metrics. It does not estimate unreported informal rental arrangements.
It infers nothing about investor wealth beyond the published taxable-income bands.
2022-23 was the most recent complete income year published at the time of retrieval.

Healthy Homes compliance

The 87% is landlord self-report from a government survey, not an inspection result. Treat it as a stated rate, not a measured one.
The breach rate comes from roughly 1,100 proactively assessed properties in 2024, which is not a random sample of the national stock.

Comparative reports

Three further analyses compare tenancy documents, bond dispute outcomes and agreement requirements across both markets.
Australian cross-state comparisons are limited by differing reporting periods, definitions and dispute frameworks.
Australian bond figures are current to 30 June 2024; New Zealand comparative figures to the end of 2024.

Source files

Every figure above is reproducible from these. Each source workbook carries a SHA-256 checksum and a retrieval timestamp in its provenance file.

New Zealand rental market and tax statistics 2026

Australia rental tax statistics 2022-23

How to cite

The underlying data

Cite the issuing agency, not us. The New Zealand data is Ministry of Business, Innovation and Employment (Tenancy Services), rental bond data by region, licensed CC BY 3.0 NZ. The Australian data is Australian Taxation Office, Taxation statistics 2022-23, licensed CC BY 4.0.

Our analysis

Where you use a figure we derived - a share, a five-year change, a ranking we computed - attribute it as Proppi analysis of the relevant agency data and link the report under /research. No permission needed, no embargo, no approval over copy.

Data and interview enquiries

We can walk through the methodology, pull a regional or state cut, or comment on New Zealand and Australian rental compliance and record-keeping.

contact@proppi.ai or +64 9 222 2771

Figures on this page were current at their stated retrieval dates. Bond counts and tribunal volumes shift monthly; verify against the cited authority before publication.