January 2019 rental report

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

  • Average rent has increased by 3.2% in the last 12 months. This is down from the average 5% increase that we have seen in recent years.
  • Particularly weak rental growth continues for larger properties with 4 or 5 bedrooms, with annual increases of 1.7% and 1.5% respectively.
  • Three bedroom properties continue to dominate our portfolio, making up 40% of our properties.

Average weekly rent received across Auckland

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Number of bedrooms
5+ 
Central Auckland $411 $602 $1,085 $590 $908
Central Suburbs $384 $510 $645 $817 $1,068
Eastern Suburbs $388 $522 $681 $905 $1,101
Franklin/Manukau Rural $312 $373 $454 $563 $656
North Shore $400 $488 $605 $747 $900
Pakuranga/Howick $350 $461 $567 $684 $806
Rodney $358 $446 $544 $667 $828
South Auckland $312 $417 $504 $606 $733
West Auckland $331 $433 $518 $624 $748
Auckland average $375 $480 $568 $701 $866

Number of rental properties by number of rooms

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Number of bedrooms
1 2 3 4 5+
Central Auckland 387 261 31 2 3
Central Suburbs 409 1,049 1,135 496 162
Eastern Suburbs 205 599 678 328 90
Franklin/Manukau Rural 70 180 596 398 56
North Shore 100 556 967 498 193
Pakuranga/Howick 22 214 500 322 111
Rodney 61 241 492 277 87
South Auckland 201 682 1,264 527 198
West Auckland 108 418 1,079 375 108
Grand total 1,563 4,200 6,742 3,223 1,008

Source: Barfoot & Thompson analysis of its tenancies as at 31 Jan 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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