July 2015 rental report

The average Auckland rental price has increased by 5.9% over the last 12 months.

Compared to July 2014, the average weekly rent for one bedroom properties has risen by 4.5% (from $309 to $323), two bedroom by 6% (from $385 to $408), three bedroom by 5.1% (from $470 to $494), four bedroom by 4.7% (from $599 to $627) and five or more bedroom by 5.2% (from $732 to $770).

Franklin / Manukau Rural remains the cheapest area to rent a property, across all property sizes. This area has however, seen the greatest increase in the past 12 months - $31 across all property sizes, an increase of 8.1%.

The Eastern Suburbs continue to have the highest priced large properties, with four bedroom properties receiving an average of $781, and five+ bedroom properties receiving $1051.

Average weekly rent received across Auckland

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No of Bedrooms
1 2 3 4 5+
Central Auckland $366 $511 $806 - -
Central Suburbs $315 $432 $561 $733 $933
Eastern Suburbs $329 $442 $593 $781 $1051
Franklin/Manukau Rural $270 $307 $393 $491 $648
North Shore $345 $423 $533 $685 $807
Pakuranga/Howick $298 $398 $500 $620 $719
Rodney $299 $382 $464 $597 $702
South Auckland $283 $347 $425 $518 $635
West Auckland $291 $363 $446 $545 $690
Auckland Average $323 $408 $494 $627 $770

Number of rental properties by number of rooms

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No of Bedrooms
1 2 3 4 5+
Central Auckland 304 191 22 1 -
Central Suburbs 331 918 936 369 94
Eastern Suburbs 167 439 541 225 61
Franklin/Manukau Rural 41 127 350 214 34
North Shore 90 530 847 391 142
Pakuranga/Howick 23 167 414 267 93
Rodney 47 177 362 184 31
South Auckland 164 531 996 362 156
West Auckland 98 289 896 236 66
Grand Total 1265 3369 5364 2249 677

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