February 2015 rental report

Rental prices have continued to rise steadily across Auckland over the last 12 months.

Compared to February 2014, the average weekly rent for one bedroom properties has risen by 3.3% (from $305 to $315), two bedroom by 4.2% (from $379 to $395), three bedroom by 4.3% (from $462 to $482), four bedroom by 3.7% (from $588 to $610) and five or more bedroom by 6% (from $713 to $756).

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

Central Auckland still receives the highest rental for one, two and three bedroom properties. The Eastern Suburbs have the highest average rental for four bedroom ($758) and five or more bedroom ($1,066) properties.

Average weekly rent received across Auckland

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No of Bedrooms
1 2 3 4 5+
Central Auckland $363 $493 $852 - -
Central Suburbs $306 $416 $550 $711 $930
Eastern Suburbs $317 $421 $579 $758 $1066
Franklin/Manukau Rural $272 $295 $380 $477 $590
North Shore $335 $415 $523 $660 $759
Pakuranga/Howick $284 $387 $486 $602 $705
Rodney $290 $374 $451 $575 $717
South Auckland $273 $335 $408 $504 $631
West Auckland $284 $355 $437 $538 $689
Auckland average
$315 $395 $482 $610 $756

Number of rental properties by number of rooms

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No of Bedrooms
1 2 3 4 5+
Central Auckland 285 185 21 1 -
Central Suburbs 327 897 892 356 86
Eastern Suburbs 167 423 500 197 52
Franklin/Manukau Rural 44 121 345 199 30
North Shore 78 526 802 370 127
Pakuranga/Howick 23 159 391 254 88
Rodney 42 167 323 171 29
South Auckland 148 494 924 326 139
West Auckland 93 284 844 204 55
Grand Total 1207 3256 5042 2078 606

Source: Barfoot & Thompson new and current tenancies as at 1 March 2015, compared to new and current tenancies as at 1 March 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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