April 2015 rental report

Rental prices continue to grow steadily across all areas, with five+ bedroom properties seeing the biggest increase of 5.7%.

Compared to April 2014, the average weekly rent for one bedroom properties has risen by 3.2% (from $308 to $318), two bedroom by 5% (from $381 to $400), three bedroom by 4.7% (from $466 to $488), four bedroom by 4% (from $593 to $617) and five or more bedroom by 5.7% (from $725 to $766).

On average, rental prices rose 0.6% ($3) per month, and 5.3% ($24) in the past 12 months.

Central Auckland still receives the highest rent for one, two and three bedroom properties, while the Eastern Suburbs have the highest average rent for four and five+ bedroom properties.

Franklin Manukau remains the cheapest area that we rent in, across all property sizes.

Average weekly rent received across Auckland

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No of Bedrooms
1 2 3 4 5+
Central Auckland $365 $497 $860 - -
Central Suburbs $312 $422 $558 $715 $928
Eastern Suburbs $322 $431 $585 $757 $1079
Franklin/Manukau Rural $274 $301 $387 $484 $638
North Shore $333 $418 $528 $678 $795
Pakuranga/Howick $287 $391 $492 $614 $705
Rodney $289 $375 $461 $586 $685
South Auckland $277 $339 $415 $512 $631
West Auckland $286 $359 $441 $537 $681
Auckland Average $318 $400 $488 $617 $766

Number of rental properties by number of rooms

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No of Bedrooms
1 2 3 4 5+
Central Auckland 290 183 22 1 -
Central Suburbs 335 907 912 352 97
Eastern Suburbs 162 426 519 211 55
Franklin/Manukau Rural 44 121 350 207 31
North Shore 80 523 821 373 134
Pakuranga/Howick 23 165 408 261 91
Rodney 45 172 356 184 27
South Auckland 157 518 960 339 148
West Auckland 99 288 856 216 60
Grand Total 1235 3303 5204 2144 643

Source: Barfoot & Thompson new and current tenancies as at 1 May 2015 compared to new and current tenancies as at 1 May 2014. Excludes Northland and Commercial. Suburbs with less than four tenancies not included.

For more information contact a property manager or to find out how much rent you can achieve, ask for a rental appraisal.

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