August 2019 Rental report

Find out how the average rent for different-sized Auckland properties has changed over the past year.

  • Auckland rents have increased 3.0% on average in the past 12 months.
  • The average price of a 3 bedroom property has declined 4% from $915,555 to $878,367. 
  • Growth in the rent of 1 and 2 bed properties continue to out perform larger properties.

Average weekly rent received across Auckland

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Number of bedrooms
5+ 
Central Auckland $416 $616 $1,095 $640 $898
Central Suburbs $392 $518 $652 $824 $1,069
Eastern Suburbs $396 $518 $688 $888 $1,119
Franklin/Manukau Rural $324 $387 $464 $573 $685
North Shore $404 $499 $616 $753 $959
Pakuranga/Howick $363 $468 $575 $691 $805
Rodney $356 $459 $551 $671 $829
South Auckland $322 $422 $516 $621 $747
West Auckland $346 $441 $525 $640 $767
Auckland average $383 $488 $577 $706 $882

Number of rental properties by number of rooms

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Number of bedrooms
1 2 3 4 5+
Central Auckland 403 257 35 2 3
Central Suburbs 400 1,039 1,104 477 150
Eastern Suburbs 206 589 649 306 91
Franklin/Manukau Rural 61 170 601 402 58
North Shore 95 569 960 499 111
Pakuranga/Howick 22 216 504 342 111
Rodney 55 270 492 271 90
South Auckland 191 688 1,240 512 202
West Auckland 112 423 1,015 357 109
Grand total 1,545 4,221 6,600 3,168 1,007

Source: Barfoot & Thompson analysis of its tenancies as at 31 August 2019 and its sales over the last six months for three bedroom properties. Gross yield is calculated using the average sales price and average rental per week for three bedroom properties. Suburbs with less than four tenancies or four sales for three bedroom properties with Barfoot & Thompson are 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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