July 2015 rental report
The average Auckland rental price has increased by 5.9% over the last 12 months.
Compared to July 2014, the average weekly rent for one bedroom properties has risen by 4.5% (from $309 to $323), two bedroom by 6% (from $385 to $408), three bedroom by 5.1% (from $470 to $494), four bedroom by 4.7% (from $599 to $627) and five or more bedroom by 5.2% (from $732 to $770).
Franklin / Manukau Rural remains the cheapest area to rent a property, across all property sizes. This area has however, seen the greatest increase in the past 12 months - $31 across all property sizes, an increase of 8.1%.
The Eastern Suburbs continue to have the highest priced large properties, with four bedroom properties receiving an average of $781, and five+ bedroom properties receiving $1051.
Average weekly rent received across Auckland
| No of Bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $366 | $511 | $806 | - | - |
| Central Suburbs | $315 | $432 | $561 | $733 | $933 |
| Eastern Suburbs | $329 | $442 | $593 | $781 | $1051 |
| Franklin/Manukau Rural | $270 | $307 | $393 | $491 | $648 |
| North Shore | $345 | $423 | $533 | $685 | $807 |
| Pakuranga/Howick | $298 | $398 | $500 | $620 | $719 |
| Rodney | $299 | $382 | $464 | $597 | $702 |
| South Auckland | $283 | $347 | $425 | $518 | $635 |
| West Auckland | $291 | $363 | $446 | $545 | $690 |
| Auckland Average | $323 | $408 | $494 | $627 | $770 |
Number of rental properties by number of rooms
| No of Bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 304 | 191 | 22 | 1 | - |
| Central Suburbs | 331 | 918 | 936 | 369 | 94 |
| Eastern Suburbs | 167 | 439 | 541 | 225 | 61 |
| Franklin/Manukau Rural | 41 | 127 | 350 | 214 | 34 |
| North Shore | 90 | 530 | 847 | 391 | 142 |
| Pakuranga/Howick | 23 | 167 | 414 | 267 | 93 |
| Rodney | 47 | 177 | 362 | 184 | 31 |
| South Auckland | 164 | 531 | 996 | 362 | 156 |
| West Auckland | 98 | 289 | 896 | 236 | 66 |
| Grand Total | 1265 | 3369 | 5364 | 2249 | 677 |
Source: Barfoot & Thompson new and current tenancies as at 1 August 2015 compared to new and current tenancies as at 1 August 2014. Excludes Northland and Commercial. Suburbs with less than four tenancies not included.
For more information contact a property manager or to find out how much rent you can achieve, ask for a rental appraisal.