September 2018 rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Rents in the greater Auckland region continue to increase at a steady pace of 3.8% per annum.
- There has been a significant increase in the average rental of a 3 bedroom apartments in Auckland Central due to the addition of a premium apartment complex to the managed rental portfolio.
- With only 27 rental properties within this category the average rent should be treated with caution and may not reflect the market.
- On an annual basis, West Auckland and Franklin/Manukau are the only two regions to have an average rental increase over 5%.
Average weekly rent received across Auckland
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $410 | $579 | $1,134 | ||
| Central Suburbs | $380 | $502 | $637 | $812 | $1,049 |
| Eastern Suburbs | $381 | $516 | $670 | $906 | $1,057 |
| Franklin/Manukau Rural | $310 | $366 | $449 | $560 | $653 |
| North Shore | $401 | $480 | $596 | $736 | $927 |
| Pakuranga/Howick | $347 | $456 | $559 | $678 | $793 |
| Rodney | $347 | $438 | $536 | $666 | $806 |
| South Auckland | $309 | $409 | $500 | $600 | $725 |
| West Auckland | $330 | $426 | $514 | $622 | $751 |
| Auckland average | $371 | $470 | $561 | $696 | $859 |
Number of rental properties by number of rooms
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 381 | 243 | 27 | 2 | 3 |
| Central Suburbs | 396 | 1,037 | 1,117 | 491 | 161 |
| Eastern Suburbs | 200 | 585 | 677 | 310 | 87 |
| Franklin/Manukau Rural | 68 | 182 | 602 | 385 | 56 |
| North Shore | 99 | 561 | 961 | 495 | 192 |
| Pakuranga/Howick | 21 | 218 | 486 | 316 | 110 |
| Rodney | 60 | 235 | 480 | 271 | 79 |
| South Auckland | 198 | 686 | 1,290 | 506 | 200 |
| West Auckland | 112 | 426 | 1,089 | 372 | 102 |
| Grand total | 1,535 | 4,173 | 6,729 | 3,148 | 990 |
Source: Barfoot & Thompson average tenancies as at 1 October 2018 and Barfoot & Thompson average sales over the last six months to beginning October 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.