April 2017 rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Average rent has increased in the past 12 months by $22, this is an increase of 4.4%.
- The greatest percentage increase in this period has been in the South Auckland area, which is up by 5.4%.
- Percentage growth has been stronger in smaller properties in the past 12 months, with one bedroom properties increasing by 5.2% and two bedroom properties by 4.6%.
Average weekly rent received across Auckland
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $379 | $553 | $921 | $570 | $669 |
| Central Suburbs | $359 | $474 | $605 | $781 | $1,014 |
| Eastern Suburbs | $361 | $483 | $642 | $846 | $1,134 |
| Franklin/Manukau Rural | $308 | $348 | $423 | $535 | $639 |
| North Shore | $374 | $455 | $569 | $712 | $840 |
| Pakuranga/Howick | $318 | $431 | $536 | $660 | $766 |
| Rodney | $332 | $412 | $511 | $634 | $773 |
| South Auckland | $303 | $385 | $474 | $574 | $692 |
| West Auckland | $314 | $402 | $484 | $591 | $727 |
| Auckland average | $351 | $445 | $534 | $670 | $828 |
Number of rental properties by number of rooms
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 379 | 215 | 23 | 2 | 4 |
| Central Suburbs | 398 | 991 | 1,031 | 460 | 123 |
| Eastern Suburbs | 174 | 526 | 600 | 250 | 84 |
| Franklin/Manukau Rural | 60 | 140 | 415 | 253 | 40 |
| North Shore | 90 | 561 | 908 | 482 | 158 |
| Pakuranga/Howick | 22 | 194 | 447 | 296 | 108 |
| Rodney | 54 | 200 | 418 | 245 | 65 |
| South Auckland | 193 | 608 | 1,249 | 484 | 176 |
| West Auckland | 119 | 372 | 967 | 282 | 77 |
| Grand total | 1,489 | 3,807 | 6,058 | 2,754 | 835 |
Source: Barfoot & Thompson average tenancies as at 1 May 2017 and Barfoot & Thompson average sales over the last six months to beginning May 2017 for three bedroom properties in Auckland. Yield calculated using average sale price and average rental per week.
For more information, contact a property manager, or to find out how much rent you can achieve, ask for a rental appraisal.