Average weekly rent vs distance from the CBD
We analysed our rental data to examine the relationship between distance from the city and the average rent of an area.
How distance to the CBD affects rent
- We observed an inverse relationship between the distance to the CBD from an area and the average rent for a three-bedroom property in that area. The greater the distance from the CBD, the lower the rent.
- However, we also observed that this relationship becomes less significant at the 20-30km mark.
- When looking at suburbs by focus area, the west shows consistently lower rentals than the other focus areas within similar distances.
Focus areas
- Central: Central Auckland and Central Suburbs
- North: North Shore and Rodney
- East: Eastern Suburbs
- South: South Auckland and Franklin/Manukau Rural
- West: West Auckland
Distance to CBD only part of the story
The average rent of an area is also influenced by the condition of the housing stock, as well as schooling options.
- Stonefields is a new housing development approximately 13km from the CBD and has an average rent of $771 for a three-bedroom property. New Lynn is also 13km from the CBD, but has an average weekly rent of $488.28.
- Mt Roskill is located approximately 7km from the CBD and has an average rent of $527.99. Epsom is also 7pm from the city with an average rent of $708.
Methodology: Used the average weekly rent for three-bedroom properties by suburb as found in the Barfoot & Thompson rental database as at 1 July 2017. All suburbs with more than 20 three-bedroom rental properties have been included (84 suburbs in total). Distance calculated by Google Maps by road from Shortland Street in Central Auckland to suburb. Drive time calculated from Central Auckland to the suburb at off-peak time (Tuesday morning between 9am to 10pm).