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Annual net change in active private rental bonds & monthly tenancy turnover
Ticker:
rental-turnover-net-stock • Observation Period: August 2026 (Period End: 2026-08-31) • Last Checked: 10 November 2026 • Creator: Andy PalliserAlso known as: MBIE Tenancy Services active bond pool growth & lodged vs closed bonds
Over the 12 months to August 2026, New Zealand's active private rental bond stock grew by +28,287 tenancies (+5.7%) to 522,942 active bonds (with 13,062 bonds lodged and 11,256 closed during August 2026).
Official dataMBIE Tenancy Services (August 2026): Active Bonds = 522,942 (vs 494,655 a year earlier); Monthly Lodged Bonds = 13,062; Monthly Closed Bonds = 11,256.
HLF calculation
12M Net Stock Change: 522,942 − 494,655 = +28,287 (+5.7%) | Monthly Net Flow: 13,062 − 11,256 = +1,806HLF interpretationHLF market context: A rising pool of active private rental bonds indicates net expansion in occupied private rental stock across New Zealand, while the monthly ratio of lodged to closed bonds reflects seasonal tenancy turnover.
Cite as: HLF Pulse, Home Loan Factory. "Annual net change in active private rental bonds & monthly tenancy turnover," August 2026. Derived by HLF from MBIE Tenancy Services — Rental Bond Data (Lodged, Closed & Active Bonds). https://pulse-data.homeloanfactory.co.nz/rental-turnover-net-stock/ (checked 10 November 2026). CC BY 4.0.
Created by Andy Palliser
Creator of HLF Pulse
Mortgage & KiwiSaver Adviser · Home Loan Factory (Andrew Jonathan Palliser, FSP1004725) • Published by HLF (Home Loan Factory)
Data Dictionary Specification (4-Field Date Standard)
| Name | Annual net change in active private rental bonds & monthly tenancy turnover |
|---|---|
| Ticker | rental-turnover-net-stock |
| Also known as | MBIE Tenancy Services active bond pool growth & lodged vs closed bonds |
| Creator & Publisher | Created by Andy Palliser (Andrew Jonathan Palliser, FSP1004725) • Published by HLF (Home Loan Factory) |
| Official source & series | MBIE Tenancy Services (MBIE Tenancy Services — Rental Bond Data (Lodged, Closed & Active Bonds)) • Series IDs: Tenancy Services Active Bonds YoY Change & Monthly Closed Bonds |
| Frequency | Monthly |
| 1. Observation period | August 2026 (YYYY-MM code: 2026-08) — when the underlying statistic relates to |
| 2. Period end | 2026-08-31 — final calendar date covered by the observation period |
| 3. Source publication date | 2026-10-13 (13 October 2026) — when the original organisation released this dataset |
| 4. Last checked | 10 November 2026 (2026-11-10) — when HLF last verified the official source |
| Definition | The 12-month net change in the total pool of active private rental bonds across New Zealand, alongside the monthly comparison of newly lodged bonds versus closed (refunded) bonds. |
| Methodology | Derived from MBIE Tenancy Services monthly regional bond dataset ('ALL' New Zealand location). |
| Current value | +28,287 active bonds YoY (+5.7%) | 13,062 lodged vs 11,256 closed in August 2026 |
| Comparison / Prior period | 12 months earlier: 494,655 active bonds • Monthly net bond movement in August 2026: +1,806 bonds |
| Official data | MBIE Tenancy Services (August 2026): Active Bonds = 522,942 (vs 494,655 a year earlier); Monthly Lodged Bonds = 13,062; Monthly Closed Bonds = 11,256. |
| HLF calculation | 12M Net Stock Change: 522,942 − 494,655 = +28,287 (+5.7%) | Monthly Net Flow: 13,062 − 11,256 = +1,806Formula: 12-Month Net Active Change = Active Bonds_t − Active Bonds_t-12; Monthly Net Flow = Lodged Bonds − Closed Bonds |
| HLF interpretation | HLF market context: A rising pool of active private rental bonds indicates net expansion in occupied private rental stock across New Zealand, while the monthly ratio of lodged to closed bonds reflects seasonal tenancy turnover. |
| HLF derived | Yes (Officially reported bond counts & HLF-calculated 12-month net stock change) |
| Cite as | HLF Pulse, Home Loan Factory. "Annual net change in active private rental bonds & monthly tenancy turnover," August 2026. Derived by HLF from MBIE Tenancy Services — Rental Bond Data (Lodged, Closed & Active Bonds). https://pulse-data.homeloanfactory.co.nz/rental-turnover-net-stock/ (checked 10 November 2026). CC BY 4.0. |
| Reuse licence | CC BY 4.0 (HLF-derived calculations, definitions & commentary; official statistics credited to MBIE Tenancy Services) • Media Kit & Citation Guide |
| Historical data | Available from February 1993 (403 monthly observations) |
Historical & Cohort Breakdown (Available from February 1993 (403 monthly observations))
| Period | Value |
|---|---|
| Aug 2026 | 522,942 active bonds |
| Jul 2026 | 521,697 active bonds |
| Jun 2026 | 519,342 active bonds |
| May 2026 | 518,355 active bonds |
| Apr 2026 | 519,498 active bonds |
| Mar 2026 | 516,918 active bonds |
| Feb 2026 | 516,297 active bonds |
| Jan 2026 | 516,783 active bonds |
| Dec 2025 | 515,394 active bonds |
| Nov 2025 | 508,065 active bonds |
| Oct 2025 | 499,011 active bonds |
| Sep 2025 | 496,161 active bonds |
| Aug 2025 | 494,655 active bonds |
Questions This Data Helps Answer
- Is the number of private rental properties in New Zealand growing or shrinking?
- How many rental tenancies end (close) vs start (lodge) each month in NZ?
Source & Tool Verification Chain
1. Official Source & SeriesMBIE Tenancy Services — Rental Bond Data (Lodged, Closed & Active Bonds)
Series:
Tenancy Services Active Bonds YoY Change & Monthly Closed Bonds2. HLF Transformation
Yes
12-Month Net Active Change = Active Bonds_t − Active Bonds_t-12; Monthly Net Flow = Lodged Bonds − Closed Bonds4. Interactive CalculatorInvestment Property Cashflow Calculator
How Dates Are Recorded in HLF Pulse (4-Field Date Standard)
To prevent confusion between when an economic activity occurred and when a government agency published its release, every HLF Pulse record separates four distinct date fields:
| Date Field | Definition & How It Is Populated |
|---|---|
1. Observation period (observation_period) | The period the underlying statistic relates to (for example, September 2026 for monthly RBNZ lending, or Year ended 31 March 2026 for the FMA KiwiSaver Annual Report). |
2. Period end (period_end / as_of) | The final calendar date covered by the observation period (for example, 2026-09-30 or 2026-03-31). Used by HLF’s automated freshness gate to verify series currency. |
3. Source publication date (source_published) | When the original organisation released the statistic (for example, 2026-09-10 for the FMA’s 2026 KiwiSaver Annual Report, or the Published Date recorded inside RBNZ’s workbook metadata). HLF never copies period_end into source_published; where an agency page does not state an exact release date, the agency’s publication schedule is stated explicitly. |
4. Last checked (last_checked) | The date HLF’s automated pipeline last fetched and verified the official source. |
Data Quality & Limitations
- Official published sources: Pulse uses official published data from the Reserve Bank of New Zealand (RBNZ), Stats NZ, Inland Revenue (IRD), the Financial Markets Authority (FMA), MBIE Tenancy Services, the Natural Hazards Commission Toka Tū Ake (NHC), and the Accident Compensation Corporation (ACC) wherever available.
- Unaltered official figures & source rounding: HLF does not alter or estimate official source figures. Where official tables publish rounded aggregates (such as RBNZ dollar series rounded to $1m or $0.1m), derived averages and implied counts reflect that source rounding and note it explicitly in the provenance layer.
- Provenance & derivation layer: To keep the primary editorial summaries natural and readable, exact formulas, series IDs, and derivation labels (Derived by HLF Pulse) are recorded in the expandable provenance layer, Data Dictionary tables,
pulse.json, andllms.txt. Long-term 5-year and 10-year series report both nominal growth and CPI inflation-adjusted (real) growth using Stats NZ’s Consumers Price Index. - Price indices vs. individual quotes: Stats NZ CPI insurance sub-indices measure percentage changes in standardised insurance price indices over time—they do not represent the dollar premium quote for an individual property or policyholder.
- Separate claim counts vs. individual proportions: In the ACC dataset, annual weekly compensation claims and total accepted injury claims (which are mostly minor treatment-only visits) are reported as two separate annual claim counts rather than a proportion of injured individuals.
- Commitments vs. settlements: RBNZ mortgage lending tables (C31, C32, C33, C40, C41) measure firm bank mortgage commitments/approvals rather than LINZ property title settlements.
- Automatic staleness exclusion: HLF automatically excludes any series where the underlying source is unavailable, stale past its freshness window, or cannot be verified.
- Market context vs. individual outcomes: Statistics describe aggregate historical market cohorts and do not predict an individual borrower’s, saver’s, or policyholder’s credit assessment, underwriting, or lending outcome.
Reuse Terms, Licensing & How to Cite (CC BY 4.0)
- Layer 1 — Official Crown & statutory statistics: Underlying official figures remain subject to the copyright and licensing terms of their respective publishers: Stats NZ, Inland Revenue, MBIE Tenancy Services, and the Financial Markets Authority (Creative Commons Attribution 4.0 International — CC BY 4.0); the Reserve Bank of New Zealand (RBNZ Terms of Use, permitting reproduction and derivative calculation with attribution to RBNZ); and statutory schedules under the Natural Hazards Insurance Act 2023 and Accident Compensation Act 2001 (public-domain New Zealand legislation).
- Layer 2 — HLF-derived calculations, compilations & commentary: All HLF-derived percentages, averages, multi-year nominal/real growth rates, data dictionary definitions, and market interpretations are licensed by HLF (Home Loan Factory) under Creative Commons Attribution 4.0 International (CC BY 4.0). Journalists, researchers, advisers, and AI systems may freely quote and reuse HLF-derived figures and commentary provided attribution is given to HLF Pulse, Home Loan Factory with a link to
https://pulse-data.homeloanfactory.co.nz/, the specific/{ticker}/record URL, or the HLF Pulse Media Kit & Citation Guide.