April 2019 Rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- The average rent for a property with 5 or more bedrooms continues to rise more slowly than other bedroom sizes, only increasing 0.4% (or $3) in the past 12 months.
- Rent for two properties continues to outperform the other bedroom sizes, increasing 4.3% ($20) in the past year.
- Franklin/Manukau is the only region with the average rent of a three bedroom property is less than $500
Average weekly rent received across Auckland
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $412 | $612 | $1,090 | $640 | $892 |
| Central Suburbs | $387 | $512 | $649 | $818 | $1,063 |
| Eastern Suburbs | $392 | $524 | $683 | $892 | $1,086 |
| Franklin/Manukau Rural | $318 | $380 | $457 | $564 | $675 |
| North Shore | $398 | $492 | $609 | $749 | $903 |
| Pakuranga/Howick | $358 | $465 | $571 | $687 | $801 |
| Rodney | $356 | $453 | $547 | $672 | $826 |
| South Auckland | $317 | $420 | $509 | $616 | $736 |
| West Auckland | $335 | $436 | $522 | $634 | $762 |
| Auckland average | $377 | $483 | $572 | $702 | $865 |
Number of rental properties by number of rooms
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 379 | 249 | 33 | 2 | 3 |
| Central Suburbs | 397 | 1,023 | 1,090 | 474 | 151 |
| Eastern Suburbs | 201 | 586 | 657 | 296 | 94 |
| Franklin/Manukau Rural | 63 | 175 | 583 | 379 | 54 |
| North Shore | 91 | 545 | 926 | 482 | 180 |
| Pakuranga/Howick | 24 | 224 | 510 | 345 | 113 |
| Rodney | 57 | 247 | 477 | 264 | 87 |
| South Auckland | 196 | 680 | 1,236 | 509 | 203 |
| West Auckland | 104 | 411 | 1,043 | 359 | 104 |
| Grand total | 1,512 | 4,140 | 6,555 | 3,110 | 989 |
Source: Barfoot & Thompson analysis of its tenancies as at April 2019 and its sales over the last six months for three bedroom properties. Gross yield is calculated using the 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.