July 2023 suburb report: rent, house prices and yield

See a breakdown of average house prices, average weekly rent, and gross yield for three-bedroom properties across Auckland.

For more information contact a property manager or to find out how much rent you can achieve, ask for a rental appraisal.

Suburb breakdown

Auckland average

Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Auckland $1,041,749 $648 3.23%

Central Auckland

Suburb Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Auckland Central $802,500 $1,050.36 6.81%

Central Auckland East

Suburb Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Sandringham $1,428,200 $677.35 2.47%
Greenlane $1,444,000 $725.33 2.61%
Hillsborough $1,064,571 $683.60 3.34%
Royal Oak $1,251,667 $748.13 3.11%
New Windsor $1,072,150 $608.37 2.95%
Onehunga $929,154 $667.80 3.74%
Mount Eden $1,603,679 $761.88 2.47%
Epsom $1,703,786 $797.39 2.43%
Mount Roskill $925,440 $633.01 3.56%

Central Auckland West

Suburb Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Kingsland $1,347,500 $778.50 3.00%
Ponsonby $1,633,750 $1,011.43 3.22%
Grey Lynn $1,538,750 $830.47 2.81%
Waterview $1,011,000 $642.31 3.30%

Eastern Suburbs

Suburb Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Stonefields $1,378,333 $832.97 3.14%
Parnell $1,846,667 $875.81 2.47%
Saint Johns $1,100,000 $733.25 3.47%
Kohimarama $2,261,200 $963.75 2.22%
Panmure $1,009,125 $635.83 3.28%
Ellerslie $1,171,944 $690.27 3.06%
Glendowie $1,501,591 $790.40 2.74%
Glen Innes $1,125,214 $666.03 3.08%
Remuera $1,778,676 $802.00 2.34%
Saint Heliers $1,802,250 $818.72 2.36%

Franklin/Manukau Rural

Suburb Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Patumahoe $1,456,667 $541.15 1.93%
Tuakau $752,786 $527.12 3.64%
Waiuku $792,350 $532.50 3.49%
Pukekohe $817,500 $549.65 3.50%

North Shore

Suburb Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Oteha $726,671 $708.89 5.07%
Murrays Bay $1,758,333 $695.00 2.06%
Birkdale $1,053,333 $598.27 2.95%
Milford $1,589,296 $697.99 2.28%
Hillcrest $1,001,750 $677.55 3.52%
Rothesay Bay $1,228,600 $744.58 3.15%
Mairangi Bay $1,163,143 $726.83 3.25%
Takapuna $1,445,475 $760.63 2.74%
Beach Haven $976,000 $609.91 3.25%
Unsworth Heights $1,021,678 $659.69 3.36%
Northcote $1,112,350 $647.05 3.02%
Devonport $1,481,917 $824.95 2.89%
Birkenhead $1,182,750 $667.77 2.94%
Sunnynook $1,133,781 $637.50 2.92%
Browns Bay $1,080,767 $662.83 3.19%
Forrest Hill $1,143,841 $689.25 3.13%
Bayview $938,193 $631.15 3.50%
Torbay $1,069,429 $667.67 3.25%
Albany $989,784 $677.62 3.56%
Glenfield $962,305 $632.34 3.42%

Pakuranga/Howick

Suburb Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Farm Cove $1,525,333 $635.71 2.17%
Burswood $1,135,333 $652.35 2.99%
Sunnyhills $1,362,500 $647.35 2.47%
Golflands $942,250 $663.33 3.66%
Cockle Bay $1,073,500 $670.63 3.25%
Beachlands $1,500,750 $765.00 2.65%
Eastern Beach $2,074,800 $668.00 1.67%
Northpark $1,240,400 $693.50 2.91%
Botany Downs $1,148,686 $661.79 3.00%
Highland Park $1,208,688 $604.53 2.60%
Pakuranga Heights $1,001,622 $620.00 3.22%
Bucklands Beach $1,352,400 $659.42 2.54%
Half Moon Bay $1,125,482 $651.25 3.01%
Pakuranga $1,105,000 $617.88 2.91%
Howick $1,046,573 $633.92 3.15%
Flat Bush $899,294 $656.33 3.80%

Rodney

Suburb Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Kumeu $907,500 $622.66 3.57%
Manly $1,151,250 $644.21 2.91%
Huapai $1,038,000 $665.00 3.33%
Helensville $806,000 $590.94 3.81%
Warkworth $946,899 $608.14 3.34%
Red Beach $1,070,000 $652.61 3.17%
Gulf Harbour $960,357 $644.77 3.49%
Stanmore Bay $841,700 $602.35 3.72%
Silverdale $962,333 $679.46 3.67%
Orewa $1,112,850 $652.83 3.05%

South Auckland

Suburb Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Conifer Grove $895,333 $593.18 3.45%
Favona $735,000 $598.57 4.23%
Mangere Bridge $1,013,333 $624.26 3.20%
Weymouth $784,167 $604.64 4.01%
Pahurehure $903,500 $620.00 3.57%
Wiri $715,750 $609.50 4.43%
Otahuhu $1,011,000 $584.45 3.01%
Karaka $1,621,500 $655.63 2.10%
East Tamaki $1,181,600 $673.33 2.96%
Clover Park $796,500 $585.95 3.83%
Drury $1,054,286 $688.89 3.40%
Clendon Park $698,889 $566.17 4.21%
Mangere $858,889 $581.44 3.52%
Wattle Downs $941,900 $629.26 3.47%
Mangere East $831,500 $610.57 3.82%
Randwick Park $780,273 $574.14 3.83%
Takanini $812,158 $609.00 3.90%
Manurewa $824,881 $592.39 3.73%
Papakura $761,125 $589.04 4.02%
Papatoetoe $931,858 $613.09 3.42%

West Auckland

Suburb Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Kelston $802,667 $587.73 3.81%
Titirangi $1,010,000 $625.11 3.22%
Westgate $975,500 $678.33 3.62%
Glendene $899,996 $589.74 3.41%
Sunnyvale $736,871 $580.37 4.10%
West Harbour $968,792 $612.30 3.29%
Ranui $686,929 $567.44 4.30%
Te Atatu Peninsula $1,056,594 $615.41 3.03%
Blockhouse Bay $950,048 $631.94 3.46%
New Lynn $912,572 $590.31 3.36%
Hobsonville $1,025,013 $702.56 3.56%
Avondale $951,017 $634.88 3.47%
Henderson $846,104 $575.81 3.54%
Te Atatu South $881,692 $599.27 3.53%
Glen Eden $871,925 $573.66 3.42%
Massey $866,281 $595.53 3.57%

Source: Barfoot & Thompson analysis of its tenancies as of 31 July 2023 and its sales over the last six months for three-bedroom properties. Gross yield calculated using 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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