March 2017 rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Average rent is up 4.6% over the same quarter last year. It was $508 in Q1, now at $533.
- City Centre and Wattle Downs are consistently the suburbs with the highest gross yield at over 4%.
- There has been a sharp rise in average rent for one bedroom properties in Franklin this past quarter, with average rent going up by $27.
- Central Suburbs has surpassed an average rent of $1000 per week for 5+ bedroom properties. Eastern Suburbs reached this milestone in September 2014.
Average weekly rent received across Auckland
Please scroll data
| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $380 | $551 | $922 | $570 | $669 |
| Central Suburbs | $357 | $470 | $601 | $786 | $1,018 |
| Eastern Suburbs | $363 | $480 | $641 | $840 | $1,135 |
| Franklin/Manukau Rural | $308 | $349 | $425 | $532 | $637 |
| North Shore | $369 | $455 | $568 | $712 | $855 |
| Pakuranga/Howick | $313 | $430 | $535 | $660 | $795 |
| Rodney | $328 | $409 | $506 | $636 | $765 |
| South Auckland | $304 | $384 | $473 | $570 | $689 |
| West Auckland | $312 | $402 | $483 | $588 | $727 |
| Auckland average | $350 | $444 | $533 | $669 | $834 |
Number of rental properties by number of rooms
Please scroll data
| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 379 | 216 | 23 | 2 | 4 |
| Central Suburbs | 391 | 981 | 1018 | 449 | 119 |
| Eastern Suburbs | 174 | 522 | 598 | 246 | 85 |
| Franklin/Manukau Rural | 60 | 141 | 415 | 251 | 40 |
| North Shore | 91 | 563 | 910 | 480 | 158 |
| Pakuranga/Howick | 20 | 191 | 446 | 295 | 105 |
| Rodney | 60 | 201 | 425 | 251 | 63 |
| South Auckland | 190 | 603 | 1235 | 483 | 179 |
| West Auckland | 119 | 367 | 961 | 282 | 76 |
| Grand total | 1484 | 3785 | 6031 | 2739 | 829 |
Source: Barfoot & Thompson average tenancies as at 1 April 2017 and Barfoot & Thompson average sales over the last six months to beginning April 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.