November 2015 rental report
The average rent for an Auckland property increased by 6.8% ($32) in the past 12 months.
Compared to November 2014, the average weekly rent for one bedroom properties has risen by 4.8% (from $313 to $328), two bedroom by 6.9% (from $390 to $417), three bedroom by 5.7% (from $476 to $503), four bedroom by 6.3% (from $599 to $637) and five or more bedroom by 5.2% (from $749 to $788).
Franklin / Manukau Rural remains the cheapest area for rentals, with rentals there commanding an average of $424 per week.
Central Auckland apartments continue to be the expensive group by area, with three bedroom apartments receiving an average of $385 per week.
Average weekly rent received across Auckland
| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $364 | $520 | $835 | - | - |
| Central Suburbs | $324 | $440 | $571 | $743 | $934 |
| Eastern Suburbs | $333 | $455 | $607 | $790 | $1,081 |
| Franklin/Manukau Rural | $278 | $314 | $399 | $512 | $668 |
| North Shore | $347 | $429 | $539 | $686 | $816 |
| Pakuranga/Howick | $299 | $405 | $509 | $630 | $736 |
| Rodney | $300 | $381 | $474 | $602 | $746 |
| South Auckland | $289 | $355 | $435 | $532 | $650 |
| West Auckland | $295 | $375 | $457 | $555 | $709 |
| Auckland average | $328 | $417 | $503 | $637 | $788 |
Number of rental properties by number of rooms
| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 323 | 209 | 21 | 1 | 1 |
| Central Suburbs | 343 | 927 | 962 | 382 | 95 |
| Eastern Suburbs | 167 | 474 | 549 | 238 | 71 |
| Franklin/Manukau Rural | 29 | 128 | 364 | 219 | 33 |
| North Shore | 81 | 540 | 837 | 406 | 149 |
| Pakuranga/Howick | 22 | 166 | 412 | 280 | 94 |
| Rodney | 47 | 183 | 371 | 207 | 39 |
| South Auckland | 163 | 537 | 1041 | 376 | 167 |
| West Auckland | 103 | 324 | 930 | 253 | 72 |
| Grand total | 1278 | 3488 | 5487 | 2362 | 721 |
Source: Barfoot & Thompson new and current tenancies as at 1 December 2015 compared to new and current tenancies as at 1 December 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.
