Auckland house prices and rental prices over the past 20 years

In this report, we take a look back at how the average sale price and letting fee have changed over the past 20 years in Auckland.

Letting fee vs sale price

  • Barfoot & Thompson's average letting fee (weekly rent) has increased by 90%, from $273 to $518 per week
  • In that same period the average sales price has increased by 222%, from $253,416 to $817,039.
Chart showing new letting fee average vs annual average sale price in Auckland over the last 20 years
Chart showing the increase in letting fee and sale price in Auckland over the last 20 years

Greatest rental increase over past 12 months

  • The past year has shown a greater increase in the average new rental price than any other year in the past 20 years.

Second highest annual growth in sale prices over past 12 months

  • Although house prices on average have increased by $98,187, this is the second highest annual growth we have seen with only 2013 being greater.

Average growth in rentals

  • Over the past 2 years, the average growth in rentals has been around 6%.

Average growth in sales

  • Over the past 12 month period, the average growth in house sales was 14%.

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