May 2018 rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Rental prices continue their gradual growth, with an increase of 4.1% in the past 12 months. This is an increase of $22 per week.
- Yield for three bedroom properties remains the greatest in the Central Auckland area. This is due to the higher than average rental prices being achieved in this area by some premium apartments that Barfoot & Thompson manage.
- Franklin / Manukau Rural remains the cheapest area for rentals, with an average of $466, followed by South Auckland at $492.
Average weekly rent received across Auckland
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $399 | $569 | $1,053 | ||
| Central Suburbs | $377 | $495 | $630 | $809 | $1,056 |
| Eastern Suburbs | $369 | $508 | $659 | $897 | $1,103 |
| Franklin/Manukau Rural | $304 | $364 | $442 | $560 | $669 |
| North Shore | $393 | $476 | $593 | $735 | $925 |
| Pakuranga/Howick | $346 | $450 | $553 | $672 | $780 |
| Rodney | $338 | $436 | $532 | $663 | $827 |
| South Auckland | $313 | $404 | $494 | $592 | $721 |
| West Auckland | $331 | $423 | $510 | $616 | $753 |
| Auckland average | $368 | $465 | $556 | $696 | $862 |
Number of rental properties by number of rooms
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 384 | 238 | 20 | 3 | 4 |
| Central Suburbs | 399 | 1017 | 1124 | 486 | 153 |
| Eastern Suburbs | 182 | 579 | 668 | 301 | 81 |
| Franklin/Manukau Rural | 64 | 146 | 455 | 281 | 46 |
| North Shore | 91 | 562 | 943 | 486 | 179 |
| Pakuranga/Howick | 19 | 215 | 500 | 316 | 110 |
| Rodney | 59 | 213 | 469 | 266 | 74 |
| South Auckland | 209 | 691 | 1318 | 516 | 196 |
| West Auckland | 104 | 421 | 1060 | 349 | 102 |
| Grand total | 1511 | 4082 | 6557 | 3004 | 945 |
Source: Barfoot & Thompson average tenancies as at 1 June 2018 and Barfoot & Thompson average sales over the last six months to beginning June 2018 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.