August 2015 rental report
Auckland rental prices have increased by 6.3% over the last 12 months, from an average of $467 to $496.
Compared to August 2014, the average weekly rent for one bedroom properties has risen by 4.2% (from $311 to $324), two bedroom by 5.9% (from $387 to $410), three bedroom by 5.7% (from $471 to $498), four bedroom by 5.4% (from $598 to $630) and five or more bedroom by 5.3% (from $734 to $773).
Franklin / Manukau Rural remains the cheapest area to rent a property, across all property sizes.
The Central City is the most expensive area for one, two and three bedroom properties.
The Eastern Suburbs continue to have the highest priced large properties, with four bedroom properties receiving an average of $783, and five+ bedroom properties receiving $1051.
Average weekly rent received across Auckland
| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $364 | $516 | $806 | - | - |
| Central Suburbs | $318 | $435 | $566 | $732 | $934 |
| Eastern Suburbs | $329 | $443 | $596 | $783 | $1,051 |
| Franklin/Manukau Rural | $269 | $311 | $395 | $497 | $650 |
| North Shore | $344 | $424 | $537 | $685 | $810 |
| Pakuranga/Howick | $297 | $399 | $503 | $625 | $725 |
| Rodney | $300 | $385 | $468 | $599 | $708 |
| South Auckland | $284 | $349 | $429 | $522 | $641 |
| West Auckland | $289 | $366 | $451 | $553 | $689 |
| Grand Total | $324 | $410 | $498 | $630 | $773 |
Number of rental properties by number of rooms
| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 306 | 197 | 22 | 1 | - |
| Central Suburbs | 339 | 919 | 945 | 373 | 92 |
| Eastern Suburbs | 165 | 447 | 546 | 226 | 62 |
| Franklin/Manukau Rural | 29 | 132 | 357 | 214 | 32 |
| North Shore | 84 | 528 | 840 | 401 | 148 |
| Pakuranga/Howick | 23 | 162 | 415 | 272 | 94 |
| Rodney | 46 | 173 | 363 | 189 | 33 |
| South Auckland | 165 | 536 | 1005 | 374 | 161 |
| West Auckland | 99 | 305 | 913 | 239 | 67 |
| Grand Total | 1256 | 3399 | 5406 | 2289 | 689 |
Source: Barfoot & Thompson new and current tenancies as at 1 September 2015 compared to new and current tenancies as at 1 September 2014. Excludes Northland and Commercial. Suburbs with less than four tenancies not included.
For more information contact a property manager or to find out how much rent you can achieve, ask for a rental appraisal.