February 2017 rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Average rent for a 3 bedroom property and gross yield are marginally up on last month, at $531 and 2.96% respectively.
- South Auckland has seen the greatest increase in average rent since last year rising 6.5% ($29), especially in two and three bedroom properties which rose over 7%.
- There has been a sharp rise in average rent for one and two bedroom properties in Franklin, with average rent going up on average over $26. This has been strongly influenced by a 25% rise in one and two bedroom properties managed by Barfoot & Thompson in this area.
- South Auckland continues to have a higher gross yield with most suburbs returning well over 3.5%.
Average weekly rent received across Auckland
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $378 | $549 | $899 | $570 | $669 |
| Central Suburbs | $355 | $468 | $598 | $782 | $986 |
| Eastern Suburbs | $357 | $477 | $638 | $832 | $1,114 |
| Franklin/Manukau Rural | $308 | $349 | $424 | $530 | $637 |
| North Shore | $364 | $454 | $566 | $707 | $851 |
| Pakuranga/Howick | $315 | $429 | $533 | $656 | $767 |
| Rodney | $325 | $406 | $505 | $633 | $754 |
| South Auckland | $305 | $382 | $471 | $569 | $693 |
| West Auckland | $311 | $401 | $482 | $583 | $728 |
| Auckland average | $348 | $442 | $531 | $666 | $822 |
Number of rental properties by number of rooms
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 376 | 225 | 22 | 2 | 4 |
| Central Suburbs | 389 | 976 | 1018 | 445 | 114 |
| Eastern Suburbs | 175 | 513 | 601 | 248 | 85 |
| Franklin/Manukau Rural | 61 | 141 | 411 | 247 | 40 |
| North Shore | 90 | 564 | 909 | 476 | 155 |
| Pakuranga/Howick | 22 | 189 | 448 | 295 | 107 |
| Rodney | 59 | 198 | 415 | 247 | 61 |
| South Auckland | 188 | 589 | 1208 | 467 | 177 |
| West Auckland | 118 | 353 | 960 | 274 | 75 |
| Grand total | 1478 | 3748 | 5992 | 2701 | 818 |
Source: Barfoot & Thompson average tenancies as at 1 March 2017 and Barfoot & Thompson average sales over the last six months to beginning March 2017 for three bedroom properties in Auckland. Yield calculated using average sale price and average rental per week.
For more information, contact a property manager, or to find out how much rent you can achieve, ask for a rental appraisal.