May 2015 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 in May 2015.
Compare to last month's figures
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
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| Average sale price (3 bdrm) | Average rent per week (3 bdrm) | Gross yield | |
|---|---|---|---|
| Auckland average | $774,411 | $486 | 3.26% |
Central Auckland
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| Average sale price (3 bdrm) | Average rent per week (3 bdrm) | Gross yield | |
|---|---|---|---|
| Auckland Central | $774,255 | $863 | 5.80% |
Central Suburbs
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| Suburb | Average sale price (3 bdrm) | Average rent per week (3 bdrm) | Gross yield |
|---|---|---|---|
| Avondale - Auckland | $689,421 | $449 | 3.38% |
| Blockhouse Bay | $835,697 | $474 | 2.95% |
| Epsom | $1,295,747 | $654 | 2.62% |
| Greenlane | $978,786 | $553 | 2.94% |
| Grey Lynn | $1,233,500 | $663 | 2.79% |
| Herne Bay | $1,578,000 | $801 | 2.64% |
| Hillsborough - Auckland City | $931,500 | $492 | 2.74% |
| Lynfield | $753,583 | $461 | 3.18% |
| Mt Albert | $996,727 | $489 | 2.55% |
| Mt Eden | $1,287,229 | $638 | 2.58% |
| Mt Roskill | $831,315 | $458 | 2.87% |
| New Windsor | $803,500 | $457 | 2.96% |
| Newmarket | $775,000 | $765 | 5.13% |
| One Tree Hill | $888,042 | $531 | 3.11% |
| Onehunga | $814,500 | $524 | 3.35% |
| Ponsonby | $1,466,077 | $775 | 2.75% |
| Point Chevalier | $1,153,222 | $588 | 2.65% |
| Royal Oak | $966,333 | $507 | 2.73% |
| Sandringham | $1,105,719 | $530 | 2.49% |
| Three Kings | $1,017,042 | $538 | 2.75% |
| Westmere - Auckland | $1,509,000 | $740 | 2.55% |
| Waterview | $904,500 | $546 | 3.14% |
Eastern Suburbs
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| Suburb | Average sale price (3 bdrm) | Average rent per week (3 bdrm) | Gross yield |
|---|---|---|---|
| Ellerslie | $874,944 | $526 | 3.12% |
| Glen Innes | $884,085 | $518 | 3.05% |
| Glendowie | $1,061,987 | $653 | 3.20% |
| Kohimarama | $1,082,636 | $698 | 3.35% |
| Meadowbank | $1,097,300 | $596 | 2.83% |
| Mission Bay | $1,360,450 | $683 | 2.61% |
| Mt Wellington | $707,750 | $461 | 3.38% |
| Orakei | $2,025,950 | $638 | 1.64% |
| Panmure | $645,231 | $467 | 3.76% |
| Parnell | $1,066,385 | $721 | 3.51% |
| Remuera | $1,078,335 | $674 | 3.25% |
| St Heliers | $1,279,730 | $689 | 2.80% |
| St Johns | $753,750 | $505 | 3.48% |
Franklin/Manukau Rural
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| Suburb | Average sale price (3 bdrm) | Average rent per week (3 bdrm) | Gross yield |
|---|---|---|---|
| Clevedon | $1,151,750 | $473 | 2.14% |
| Pukekohe | $569,989 | $386 | 3.52% |
| Tuakau | $502,475 | $358 | 3.70% |
| Waiuku | $424,192 | $358 | 4.39% |
North Shore
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| Suburb | Average sale price (3 bdrm) | Average rent per week (3 bdrm) | Gross yield |
|---|---|---|---|
| Albany | $780,485 | $529 | 3.52% |
| Beach Haven | $757,116 | $465 | 3.19% |
| Birkdale | $611,719 | $449 | 3.81% |
| Birkenhead | $764,370 | $519 | 3.53% |
| Browns Bay | $770,703 | $521 | 3.52% |
| Castor Bay | $1,034,315 | $565 | 2.84% |
| Dairy Flat | $1,975,714 | $524 | 1.38% |
| Devonport | $1,339,297 | $649 | 2.52% |
| Forrest Hill | $1,044,096 | $535 | 2.66% |
| Glenfield | $704,642 | $466 | 3.44% |
| Greenhithe | $1,020,125 | $662 | 3.37% |
| Mairangi Bay | $1,278,583 | $562 | 2.29% |
| Milford | $1,393,349 | $574 | 2.14% |
| Murrays Bay | $957,371 | $538 | 2.92% |
| Rothesay Bay | $803,714 | $592 | 3.83% |
| Sunnynook | $830,958 | $512 | 3.21% |
| Takapuna | $1,057,833 | $632 | 3.11% |
| Torbay | $799,268 | $512 | 3.33% |
Pakuranga/Howick
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| Suburb | Average sale price (3 bdrm) | Average rent per week (3 bdrm) | Gross yield |
|---|---|---|---|
| Beachlands | $819,333 | $453 | 2.87% |
| Bucklands Beach | $952,793 | $494 | 2.70% |
| Cockle Bay | $854,167 | $475 | 2.89% |
| Dannemora | $787,815 | $540 | 3.56% |
| Highland Park | $785,000 | $454 | 3.01% |
| Howick | $817,830 | $492 | 3.13% |
| Maraetai | $853,333 | $491 | 2.99% |
| Northpark | $794,250 | $518 | 3.39% |
| Pakuranga | $706,214 | $458 | 3.37% |
Rodney
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| Suburb | Average sale price (3 bdrm) | Average rent per week (3 bdrm) | Gross yield |
|---|---|---|---|
| Arkles Bay | $644,556 | $485 | 3.92% |
| Army Bay | $722,500 | $472 | 3.39% |
| Gulf Harbour | $541,375 | $448 | 4.30% |
| Helensville | $625,250 | $381 | 3.17% |
| Kumeu | $2,288,100 | $505 | 1.15% |
| Manly | $613,111 | $468 | 3.97% |
| Orewa | $687,333 | $490 | 3.71% |
| Red Beach | $718,733 | $479 | 3.47% |
| Stanmore Bay | $652,583 | $464 | 3.69% |
| Warkworth | $747,683 | $420 | 2.92% |
South Auckland
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| Suburb | Average sale price (3 bdrm) | Average rent per week (3 bdrm) | Gross yield |
|---|---|---|---|
| Alfriston | $703,750 | $454 | 3.36% |
| Clendon Park | $388,538 | $409 | 5.47% |
| Conifer Grove | $564,167 | $430 | 3.96% |
| Favona | $438,500 | $394 | 4.68% |
| Flat Bush | $559,531 | $479 | 4.45% |
| Goodwood Heights | $681,000 | $468 | 3.57% |
| Mangere | $500,500 | $405 | 4.21% |
| Mangere Bridge | $781,125 | $456 | 3.03% |
| Manukau Central | $560,176 | $424 | 3.94% |
| Manurewa | $465,412 | $396 | 4.42% |
| Otahuhu | $554,083 | $411 | 3.86% |
| Otara | $411,287 | $416 | 5.26% |
| Papakura | $445,718 | $382 | 4.45% |
| Papatoetoe | $614,510 | $418 | 3.54% |
| Takanini | $702,353 | $420 | 3.11% |
| Wattle Downs | $533,875 | $442 | 4.31% |
| Weymouth | $437,350 | $407 | 4.84% |
West Auckland
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| Suburb | Average sale price (3 bdrm) | Average rent per week (3 bdrm) | Gross yield |
|---|---|---|---|
| Glen Eden | $589,887 | $415 | 3.66% |
| Glendene | $636,100 | $423 | 3.46% |
| Henderson | $563,347 | $443 | 4.09% |
| Kelston | $589,619 | $410 | 3.62% |
| Massey | $588,723 | $437 | 3.86% |
| New Lynn | $664,164 | $428 | 3.35% |
| Ranui | $516,956 | $418 | 4.21% |
| Royal Heights | $650,829 | $474 | 3.79% |
| Sunnyvale | $524,278 | $417 | 4.14% |
| Swanson | $640,000 | $454 | 3.69% |
| Te Atatu South | $709,490 | $458 | 3.36% |
| Te Atatu Peninsula | $754,038 | $472 | 3.26% |
| Te Atatu South | $709,490 | $439 | 3.22% |
| Titirangi | $700,861 | $488 | 3.62% |
| Waitakere | $629,813 | $493 | 4.07% |
| West Harbour | $718,211 | $475 | 3.44% |
Source: Barfoot & Thompson analysis of its new and current tenancies as at 1 June 2015 and its sales over the last six months to beginning of June 2015 for three bedroom properties. 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. Excludes Northland and Commercial. Three bedroom homes were chosen for the analysis as they represent the sized house most commonly bought and sold.
For more information contact a property manager or to find out how much rent you can achieve, ask for a rental appraisal.