June 2018 rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Rents in Auckland continue to increase at a steady pace of 3.9% per annum.
- West Auckland has outperformed other areas with an annual increase of 5.8%.
- The Eastern Suburbs and Pakuranga/Howick have the lowest rate of change at 2.9% and 2.2% respectively.
Average weekly rent received across Auckland
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Number of bedrooms | |||||
---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5+ | |
Central Auckland | $404 | $565 | $968 | ||
Central Suburbs | $378 | $498 | $631 | $810 | $1,052 |
Eastern Suburbs | $378 | $511 | $660 | $908 | $1,070 |
Franklin/Manukau Rural | $304 | $366 | $443 | $563 | $657 |
North Shore | $394 | $477 | $593 | $737 | $920 |
Pakuranga/Howick | $346 | $453 | $556 | $672 | $778 |
Rodney | 344 | $438 | $532 | $663 | $834 |
South Auckland | $311 | $407 | $497 | $593 | $723 |
West Auckland | $332 | $425 | $513 | $621 | $754 |
Auckland average | $368 | $467 | $557 | $698 | $860 |
Number of rental properties by number of rooms
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Number of bedrooms | |||||
---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5+ | |
Central Auckland | 374 | 236 | 21 | 2 | 3 |
Central Suburbs | 403 | 1,024 | 1,126 | 489 | 153 |
Eastern Suburbs | 195 | 591 | 669 | 315 | 88 |
Franklin/Manukau Rural | 65 | 152 | 459 | 287 | 48 |
North Shore | 94 | 561 | 943 | 493 | 182 |
Pakuranga/Howick | 20 | 218 | 498 | 322 | 111 |
Rodney | 57 | 223 | 470 | 273 | 78 |
South Auckland | 206 | 695 | 1,327 | 514 | 198 |
West Auckland | 108 | 430 | 1,080 | 361 | 101 |
Grand total | 1,522 | 4,130 | 6,593 | 3,056 | 962 |
Source: Barfoot & Thompson average tenancies as at 1 July 2018 and Barfoot & Thompson average sales over the last six months to beginning July 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.