May 2017 rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Average rental has increased in the past 12 months by $25, a percentage increase of 4.9%.
- South Auckland has shown the greatest overall increase in the past 12 months with a percentage increase of 6.2%. The majority of this increase has come from three bedroom properties, which has increased by 7.0%.
- Franklin / Manukau Rural still remains the cheapest of the areas we analyse, with a three bedroom property having an average of $426. Over the past few months, this area has been increasing at a greater rate than the other areas, though this month has slowed.
Average weekly rent received across Auckland
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $379 | $557 | $929 | $570 | $671 |
| Central Suburbs | $363 | $474 | $606 | $785 | $1,021 |
| Eastern Suburbs | $366 | $483 | $652 | $847 | $1,120 |
| Franklin/Manukau Rural | $310 | $350 | $426 | $537 | $630 |
| North Shore | $372 | $456 | $570 | $714 | $846 |
| Pakuranga/Howick | $318 | $434 | $535 | $661 | $768 |
| Rodney | $333 | $413 | $512 | $636 | $776 |
| South Auckland | $303 | $388 | $479 | $576 | $699 |
| West Auckland | $315 | $407 | $488 | $594 | $730 |
| Auckland average | $353 | $447 | $537 | $673 | $830 |
Number of rental properties by number of rooms
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 381 | 216 | 23 | 2 | 4 |
| Central Suburbs | 387 | 979 | 1,030 | 466 | 126 |
| Eastern Suburbs | 168 | 527 | 596 | 261 | 81 |
| Franklin/Manukau Rural | 59 | 142 | 427 | 260 | 40 |
| North Shore | 91 | 573 | 906 | 481 | 162 |
| Pakuranga/Howick | 20 | 196 | 451 | 304 | 107 |
| Rodney | 54 | 203 | 418 | 248 | 64 |
| South Auckland | 191 | 621 | 1,264 | 482 | 179 |
| West Auckland | 120 | 375 | 964 | 286 | 79 |
| Grand total | 1,471 | 3,832 | 6,079 | 2,790 | 842 |
Source: Barfoot & Thompson average tenancies as at 1 June 2017 and Barfoot & Thompson average sales over the last six months to beginning June 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.