February 2019 Rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Average rent in Auckland has increased $20 per week or 3.6% in the 12 months to 28 Feb 2019.
- The Franklin/Manukau region has seen the strongest growth in rents up 4.9% while the other focus areas have seen growth between 3.2% and 3.9%.
- Increase in rent for two bedroom properties also continue to outperform other property sizes.
Average weekly rent received across Auckland
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $411 | $608 | $1,100 | $640 | $892 |
| Central Suburbs | $384 | $510 | $648 | $814 | $1,068 |
| Eastern Suburbs | $388 | $525 | $679 | $903 | $1,114 |
| Franklin/Manukau Rural | $315 | $376 | $455 | $566 | $660 |
| North Shore | $399 | $489 | $608 | $746 | $913 |
| Pakuranga/Howick | $354 | $461 | $568 | $687 | $807 |
| Rodney | $360 | $449 | $546 | $668 | $824 |
| South Auckland | $315 | $418 | $506 | $607 | $734 |
| West Auckland | $332 | $437 | $519 | $628 | $758 |
| Auckland average | $375 | $481 | $569 | $701 | $872 |
Number of rental properties by number of rooms
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 385 | 263 | 32 | 2 | 3 |
| Central Suburbs | 404 | 1,056 | 1,132 | 496 | 162 |
| Eastern Suburbs | 204 | 595 | 673 | 328 | 93 |
| Franklin/Manukau Rural | 66 | 181 | 600 | 395 | 54 |
| North Shore | 100 | 556 | 956 | 500 | 188 |
| Pakuranga/Howick | 25 | 211 | 497 | 321 | 110 |
| Rodney | 59 | 243 | 490 | 278 | 88 |
| South Auckland | 200 | 679 | 1,291 | 530 | 199 |
| West Auckland | 108 | 424 | 1,077 | 377 | 107 |
| Grand total | 1,551 | 4,208 | 6,748 | 3,227 | 1,004 |
Source: Barfoot & Thompson analysis of its tenancies as at 28 Feb 2019 and its sales over the last six months for three bedroom properties. Gross yield is calculated using the average sales price and average rental per week for three bedroom properties. Suburbs with less than four tenancies or four sales for three bedroom properties with Barfoot & Thompson are not included.
For more information, contact a property manager, or to find out how much rent you can achieve, ask for a rental appraisal.