December 2019 Rental report

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

  • Rents in the greater Auckland region have increased by 2.7% in the last 12 months.
  • Rents in Franklin Manukau are up 4.2% while the Eastern suburbs have only increased 0.8%.
  • The average rent in Franklin Manukau is $469 per week and is the only focus area where a three bedroom home averages less than $520 per week.
  • Average yield for a 3 bedroom house is 3.42%.

Average weekly rent received across Auckland

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Number of bedrooms
5+ 
Central Auckland $415 $607 $1,059 $640 $898
Central Suburbs $394 $520 $655 $826 $1,056
Eastern Suburbs $396 $530 $695 $896 $1,101
Franklin/Manukau Rural $324 $392 $469 $578 $704
North Shore $402 $504 $618 $764 $954
Pakuranga/Howick $365 $473 $579 $696 $806
Rodney $367 $466 $558 $679 $836
South Auckland $325 $426 $521 $630 $761
West Auckland $349 $444 $530 $645 $772
Auckland average $384 $491 $581 $713 $880

Number of rental properties by number of rooms

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Number of bedrooms
1 2 3 4 5+
Central Auckland 397 259 33 2 3
Central Suburbs 407 1,042 1,109 477 147
Eastern Suburbs 211 603 666 310 89
Franklin/Manukau Rural 67 183 603 401 60
North Shore 98 594 975 528 192
Pakuranga/Howick 22 227 506 342 119
Rodney 60 279 480 273 95
South Auckland 192 676 1,240 523 210
West Auckland 108 418 1,023 357 106
Grand total 1,562 4,281 6,635 3,213 1,021

Source: Barfoot & Thompson analysis of its tenancies as at 30 December 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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