March 2018 rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Average Auckland rents have increased by $22 per week, or 4%, in the 12 months since March 2017.
- West Auckland has seen the largest percentage rent increase over the last 12 months, with an increase of 5.5%.
- Central city and Rodney rents have increased 4.9% and 4.8% respectively.
- The largest increase in rent for large properties with 5 or more bedrooms was in the North Shore, increasing $57 in the last 12 months.
- Central Auckland, Central and Eastern suburbs remain the most expensive areas to rent.
Average weekly rent received across Auckland
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $394 | $558 | $933 | $590 | $679 |
| Central Suburbs | $374 | $490 | $623 | $806 | $1,044 |
| Eastern Suburbs | $379 | $500 | $659 | $886 | $1,117 |
| Franklin/Manukau Rural | $305 | $361 | $436 | $558 | $646 |
| North Shore | $389 | $471 | $589 | $740 | $912 |
| Pakuranga/Howick | $343 | $445 | $548 | $669 | $780 |
| Rodney | $338 | $427 | $528 | $658 | $803 |
| South Auckland | $310 | $401 | $490 | $589 | $714 |
| West Auckland | $328 | $416 | $504 | $611 | $752 |
| Auckland average | $367 | $460 | $552 | $693 | $856 |
Number of rental properties by number of rooms
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 381 | 235 | 22 | 2 | 4 |
| Central Suburbs | 392 | 1016 | 1112 | 491 | 154 |
| Eastern Suburbs | 183 | 565 | 658 | 294 | 78 |
| Franklin/Manukau Rural | 63 | 142 | 449 | 279 | 42 |
| North Shore | 91 | 569 | 936 | 486 | 174 |
| Pakuranga/Howick | 22 | 213 | 496 | 319 | 111 |
| Rodney | 58 | 208 | 462 | 267 | 70 |
| South Auckland | 210 | 680 | 1314 | 511 | 194 |
| West Auckland | 103 | 413 | 1046 | 346 | 101 |
| Grand total | 1504 | 4041 | 6495 | 2995 | 928 |
Source: Barfoot & Thompson average tenancies as at 1 April 2018 and Barfoot & Thompson average sales over the last six months to beginning April 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.
