October 2017 rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Auckland average rental is up by 5% on the same month as last year. This is a $24 increase.
- The greatest increase has been in Rodney, with an increase of 6.4%.
- Auckland Central remains the most expensive for 1, 2 and 3 bedroom properties, and Eastern Suburbs for 4 and 5+.
- 3 bedroom properties are the preferred size, with 41% of rentals of this size, followed by 2 bedrooms at 25%.
Average weekly rent received across Auckland
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Number of bedrooms | |||||
---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5+ | |
Central Auckland | $393 | $556 | $916 | ||
Central Suburbs | $372 | $481 | $616 | $801 | $1,026 |
Eastern Suburbs | $376 | $492 | $656 | $869 | $1,125 |
Franklin/Manukau Rural | $308 | $353 | $429 | $546 | $644 |
North Shore | $379 | $464 | $580 | $722 | $885 |
Pakuranga/Howick | $343 | $441 | $545 | $670 | $763 |
Rodney | $408 | $422 | $523 | $655 | $802 |
South Auckland | $304 | $392 | $484 | $583 | $705 |
West Auckland | $322 | $414 | $497 | $607 | $759 |
Auckland average | $364 | $453 | $546 | $686 | $845 |
Number of rental properties by number of rooms
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Number of bedrooms | |||||
---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5+ | |
Central Auckland | 375 | 217 | 24 | ||
Central Suburbs | 395 | 980 | 1,098 | 479 | 133 |
Eastern Suburbs | 182 | 556 | 658 | 286 | 83 |
Franklin/Manukau Rural | 59 | 145 | 435 | 261 | 45 |
North Shore | 95 | 573 | 932 | 481 | 169 |
Pakuranga/Howick | 21 | 208 | 465 | 308 | 105 |
Rodney | 57 | 201 | 441 | 261 | 61 |
South Auckland | 203 | 646 | 1,269 | 484 | 180 |
West Auckland | 109 | 391 | 1,000 | 318 | 90 |
Grand total | 1,496 | 3,917 | 6,322 | 2,880 | 870 |
Source: Barfoot & Thompson average tenancies as at 1 November 2017 and Barfoot & Thompson average sales over the last six months to beginning November 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.