January 2016 rental report

Find out how the average rent for Auckland properties has changed over the past year and which area is increasing the fastest.

Compared to January 2015, the average weekly rent for one bedroom properties has risen by 4.8% (from $314 to $329), two bedroom by 6.6% (from $393 to $419), three bedroom by 5.6% (from $480 to $507), four bedroom by 5.4% (from $606 to $639) and five or more bedroom by 5% (from $760 to $798).

Across all of our rental properties, there has been a $30 increase over the past 12 months (6.3%). This time last year, we saw a 5.1% increase.

Franklin/Manukau remains the cheapest place to rent in Auckland, across all property sizes. In the past 12 months though, this area has increased by the greatest amount, meaning it is gaining on the rest of Auckland.

Central Auckland is still the most expensive place to rent for one, two, and three bedroom properties.

Average weekly rent received across Auckland

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Number of bedrooms
1 2 3 4 5+
Central Auckland $368 $521 $879 - -
Central Suburbs $325 $444 $578 $747 $944
Eastern Suburbs $334 $457 $605 $792 $1,083
Franklin/Manukau Rural $281 $320 $406 $511 $675
North Shore $353 $432 $542 $684 $814
Pakuranga/Howick $300 $405 $509 $629 $764
Rodney $305 $385 $475 $604 $768
South Auckland $288 $356 $438 $538 $662
West Auckland $293 $377 $459 $556 $709
Auckland average $329 $419 $507 $639 $798

Number of rental properties by number of rooms

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Number of bedrooms
1 2 3 4 5+
Central Auckland 326 207 22 1 1
Central Suburbs 359 932 986 388 98
Eastern Suburbs 166 470 555 240 72
Franklin/Manukau Rural 27 130 358 219 31
North Shore 84 546 852 422 152
Pakuranga/Howick 18 166 407 286 95
Rodney 46 178 362 212 41
South Auckland 167 551 1,029 378 165
West Auckland 108 340 916 251 71
Grand total 1,301 3,520 5,487 2,397 726

Source: Barfoot & Thompson new and current tenancies as at 1 February 2016 compared to new and current tenancies as at 1 February 2015. 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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