February 2018 rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Average Auckland rents have increased by $24 per week, or 4.6%, in the 12 months since February 2017.
- Central Suburbs and West Auckland have seen the largest percentage increase in rent over the last 12 months, with increases of 5.7% and 5.8% respectively.
- Rents in Pakuranga/Howick have increased 2.3% in the last 12 months.
- The largest increase in rent for large properties with 5 or more bedrooms was in the Central Suburbs, increasing $49 in the last 12 months.
- Central Auckland, Central and Eastern Suburbs remain the most expensive areas to rent.
Average weekly rent received across Auckland
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $395 | $555 | $938 | $590 | $684 |
| Central Suburbs | $374 | $489 | $622 | $803 | $1,042 |
| Eastern Suburbs | $380 | $497 | $660 | $875 | $1,120 |
| Franklin/Manukau Rural | $305 | $359 | $433 | $553 | $635 |
| North Shore | $381 | $468 | $585 | $728 | $896 |
| Pakuranga/Howick | $343 | $445 | $549 | $675 | $776 |
| Rodney | $337 | $428 | $526 | $654 | $799 |
| South Auckland | $309 | $400 | $489 | $586 | $714 |
| West Auckland | $328 | $416 | $502 | $609 | $753 |
| Auckland average | $366 | $459 | $551 | $689 | $853 |
Number of rental properties by number of rooms
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 384 | 226 | 22 | 2 | 4 |
| Central Suburbs | 395 | 997 | 1,114 | 486 | 147 |
| Eastern Suburbs | 183 | 566 | 661 | 294 | 84 |
| Franklin/Manukau Rural | 63 | 143 | 447 | 273 | 44 |
| North Shore | 90 | 565 | 937 | 489 | 180 |
| Pakuranga/Howick | 21 | 214 | 490 | 307 | 109 |
| Rodney | 59 | 202 | 459 | 266 | 62 |
| South Auckland | 205 | 667 | 1,285 | 505 | 188 |
| West Auckland | 98 | 400 | 1013 | 335 | 98 |
| Grand total | 1,498 | 3,980 | 6,428 | 2,957 | 916 |
Source: Barfoot & Thompson average tenancies as at 1 March 2018 and Barfoot & Thompson average sales over the last six months to beginning March 2018 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.