Suburb Spotlight: Meadowbank

Meadowbank

Located on the Orakei Basin 10 kilometres southeast of central Auckland, Meadowbank is a largely residential suburb popular with families and business commuters alike. 

Meadowbank compared to the rest of Auckland

  • Gross rental yield: Meadowbank 2.92% and Auckland 2.85%
  • Average sale price (three bedroom): Meadowbank $1,148,033 and Auckland $957,423
  • Average weekly rent (three bedroom): Meadowbank $641 and Auckland $522

Source: Barfoot & Thompson average tenancies as at 1 October 2016 and Barfoot & Thompson average sales over the last six months to beginning October 2016 for three bedroom properties in Auckland and Meadowbank. Yield calculated using average sale price and average rental per week.

Understanding yield

Yield is an income return on an investment. 

To generate the gross rental yield, calculate the gross annual income of the property and divide it by the purchase price. When generating net rental yield, you'll need to take other expenses such as mortgage and rates into consideration. 

An area with something for everyone

Due to the quality schools in the area, a large percentage of tenants are families wanting to be in the zone for Meadowbank Primary, Mt Carmel School, St Thomas Primary, Remuera Intermediate, and Selwyn College. Because of this, tenants residing in Meadowbank tend to be of a higher calibre and more long-term. 

“Meadowbank attracts a wide range of people as it is suited to professionals wanting to be close to the city with ease of transport, students studying in the city who need the train or bus service, families with young children needing good primary schools, and also retirees who need to have all the amenities close by without having to drive,” says Property Manager, Elle King.

About Meadowbank

Located within easy reach of Auckland's CBD and the waterfront, Meadowbank has a mixture of older, established homes and more modern townhouses and developments. 

Amenities such as doctors, dentists, optometrists, physiotherapists, beauticians, as well as a range of restaurants and supermarkets are available in the area, making it a convenient place to live. 

There are many recreational opportunities in the area, including the sandy beaches of Mission Bay, Kohimarama and St Heliers, Waiatarua Reserve, and the top-notch Remuera Golf Course. 

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Investment opportunities in Meadowbank