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.
For more information contact a property manager or to find out how much rent you can achieve, ask for a rental appraisal.