March 2019 Rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Growth rates in the average rental price continues to decrease
- Average rents have increased by 3.2% over the last 12 months
- Two or three bedroom properties have a larger increase in rents than 4 & 5 bedroom homes
- South Auckland and Franklin/Manukau have the highest annual rent increase of 4%
- Average rent for a three bedroom property now exceeds $500 per week in all focus areas.Twelve months ago the average rental in Rodney and South Auckland were less than $500.
Average weekly rent received across Auckland
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $409 | $611 | $1,090 | $640 | $892 |
| Central Suburbs | $388 | $511 | $647 | $815 | $1,061 |
| Eastern Suburbs | $388 | $524 | $684 | $900 | $1,112 |
| Franklin/Manukau Rural | $315 | $376 | $456 | $563 | $668 |
| North Shore | $396 | $490 | $608 | $749 | $914 |
| Pakuranga/Howick | $351 | $465 | $570 | $687 | $802 |
| Rodney | $355 | $452 | $545 | $669 | $820 |
| South Auckland | $313 | $418 | $507 | $610 | $734 |
| West Auckland | $334 | $436 | 518 | $630 | $762 |
| Auckland average | $375 | $482 | $570 | $701 | $869 |
Number of rental properties by number of rooms
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 392 | 267 | 33 | 2 | 3 |
| Central Suburbs | 405 | 1,055 | 1,124 | 496 | 160 |
| Eastern Suburbs | 201 | 600 | 673 | 320 | 95 |
| Franklin/Manukau Rural | 65 | 179 | 599 | 393 | 55 |
| North Shore | 96 | 560 | 960 | 493 | 189 |
| Pakuranga/Howick | 22 | 213 | 493 | 322 | 108 |
| Rodney | 59 | 251 | 487 | 275 | 88 |
| South Auckland | 203 | 681 | 1,261 | 529 | 206 |
| West Auckland | 110 | 426 | 1,086 | 382 | 108 |
| Grand total | 1,553 | 4,323 | 6,716 | 3,212 | 1,012 |
Source: Barfoot & Thompson analysis of its tenancies as at 31 March 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.