March 2016 rental report

Find out how the average rent for Auckland properties has changed over the past year and which areas are performing the best.

Compared to March 2015, the average weekly rent for one bedroom properties has risen by 4.8% (from $316 to $331), two bedroom by 6.3% (from $398 to $423), three bedroom by 5.6% (from $486 to $510), four bedroom by 5.1% (from $614 to $644) and five or more bedroom by 5.8% (from $755 to $791).

Auckland's usual rise in rent didn't occur in the past month. Over the last 12 months, Auckland saw an increase of $28 or 5.8% (for all property types). However in the past month, the increase was only by $1.

Rodney and Franklin/Manukau continue to show the fastest growth in rental prices, with an 8.4% increase in Franklin/Manukau and 7.8% increase in Rodney in the past 12 months.

Even with the marked increase in rent each month, Franklin/Manukau remains the cheapest area for rentals across all property sizes.

Average weekly rent received across Auckland

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Number of bedrooms
1 2 3 4 5+
Central Auckland $366 $530 $876 - -
Central Suburbs $328 $446 $578 $750 $947
Eastern Suburbs $335 $463 $609 $798 $1,074
Franklin/Manukau Rural $280 $325 $408 $515 $649
North Shore $355 $436 $548 $692 $803
Pakuranga/Howick $309 $414 $515 $637 $751
Rodney $323 $393 $483 $607 $760
South Auckland $293 $361 $442 $543 $664
West Auckland $294 $379 $461 $564 $706
Auckland average $331 $423 $510 $644 $791

Number of rental properties by number of rooms

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Number of bedrooms
1 2 3 4 5+
Central Auckland 330 200 21 1 2
Central Suburbs 351 940 975 396 98
Eastern Suburbs 165 482 553 243 71
Franklin/Manukau Rural 27 135 362 227 32
North Shore 80 544 852 410 143
Pakuranga/Howick 20 170 410 283 102
Rodney 54 174 366 218 50
South Auckland 171 556 1,055 393 168
West Auckland 106 331 933 256 70
Total 1,304 3,532 5,527 2,427 736

Source: Barfoot & Thompson new and current tenancies as at 1 April 2016 compared to new and current tenancies as at 1 April 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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