September 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 4.7% on the same month as last year - a $24 increase.
- The greatest increase has been in the Central Suburbs, with an increase of 5.9%.
- Auckland Central remains the most expensive for renting 1, 2 and 3 bedroom properties, and Eastern Suburbs for 4 and 5+ bedroom properties.
- 3 bedroom properties are the preferred size, with 41% of the 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 | $560 | $921 | $570 | $671 |
Central Suburbs | $371 | $478 | $616 | $790 | $1,035 |
Eastern Suburbs | $375 | $489 | $652 | $865 | $1,123 |
Franklin/Manukau Rural | $311 | $354 | $428 | $545 | $639 |
North Shore | $379 | $463 | $577 | $722 | $902 |
Pakuranga/Howick | $342 | $440 | $543 | $666 | $773 |
Rodney | $335 | $421 | $519 | $647 | $781 |
South Auckland | $303 | $391 | $482 | $580 | $699 |
West Auckland | $318 | $410 | $494 | $600 | $735 |
Auckland average | $360 | $451 | $544 | $681 | $846 |
Number of rental properties by number of rooms
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Number of bedrooms | |||||
---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5+ | |
Central Auckland | 379 | 215 | 24 | 2 | 4 |
Central Suburbs | 390 | 977 | 1,088 | 476 | 132 |
Eastern Suburbs | 177 | 540 | 648 | 279 | 82 |
Franklin/Manukau Rural | 57 | 144 | 428 | 257 | 43 |
North Shore | 92 | 567 | 913 | 475 | 168 |
Pakuranga/Howick | 22 | 201 | 461 | 305 | 107 |
Rodney | 50 | 198 | 429 | 255 | 62 |
South Auckland | 198 | 630 | 1,265 | 482 | 180 |
West Auckland | 119 | 390 | 993 | 298 | 85 |
Grand total | 1,484 | 3,862 | 6,249 | 2,829 | 863 |
Source: Barfoot & Thompson average tenancies as at 1 October 2017 and Barfoot & Thompson average sales over the last six months to beginning October 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.