October 2019 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 have increased by 2.7% in the last 12 months.
  • Rents in Central Auckland are up 4,4% while the Eastern suburbs have only increased 1.3%
  • Franklin Manukau is the only focus area where a three bedroom home averages less than $500 per week.
  • Gross rental yield is unchanged from last month as rents and prices are relatively stable. 

Average weekly rent received across Auckland

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Number of bedrooms
5+ 
Central Auckland $415 $619 $1,076 $640 $898
Central Suburbs $393 $519 $652 $826 $1,068
Eastern Suburbs $396 $531 $690 $889 $1,096
Franklin/Manukau Rural $324 $390 $466 $576 $686
North Shore $403 $503 $616 $756 $956
Pakuranga/Howick $364 $472 $576 $693 $808
Rodney $361 $466 $555 $673 $831
South Auckland $324 $424 $519 $625 $757
West Auckland $348 $444 $528 $642 $771
Auckland average $383 $491 $579 $709 $880

Number of rental properties by number of rooms

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Number of bedrooms
1 2 3 4 5+
Central Auckland 397 260 34 2 3
Central Suburbs 405 1,049 1,107 479 148
Eastern Suburbs 209 593 654 309 88
Franklin/Manukau Rural 63 183 598 405 59
North Shore 96 577 963 505 193
Pakuranga/Howick 22 216 500 343 111
Rodney 57 281 490 271 93
South Auckland 193 678 1,241 511 206
West Auckland 109 416 1,014 354 108
Grand total 1,551 4,253 6,601 3,179 1,009

Source: Barfoot & Thompson analysis of its tenancies as at 31 October 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.

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