March 2019 Rental report

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

  • Growth rates in the average rental price continues to decrease
  • Average rents have increased by 3.2% over the last 12 months
  • Two or three bedroom properties have a larger increase in rents than 4 & 5 bedroom homes
  • South Auckland and Franklin/Manukau have the highest annual rent increase of 4%
  • Average rent for a three bedroom property now exceeds $500 per week in all focus areas.Twelve months ago the average rental in Rodney and South Auckland were less than $500.

Average weekly rent received across Auckland

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Number of bedrooms
5+ 
Central Auckland $409 $611 $1,090 $640 $892
Central Suburbs $388 $511 $647 $815 $1,061
Eastern Suburbs $388 $524 $684 $900 $1,112
Franklin/Manukau Rural $315 $376 $456 $563 $668
North Shore $396 $490 $608 $749 $914
Pakuranga/Howick $351 $465 $570 $687 $802
Rodney $355 $452 $545 $669 $820
South Auckland $313 $418 $507 $610 $734
West Auckland $334 $436 518 $630 $762
Auckland average $375 $482 $570 $701 $869

Number of rental properties by number of rooms

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Number of bedrooms
1 2 3 4 5+
Central Auckland 392 267 33 2 3
Central Suburbs 405 1,055 1,124 496 160
Eastern Suburbs 201 600 673 320 95
Franklin/Manukau Rural 65 179 599 393 55
North Shore 96 560 960 493 189
Pakuranga/Howick 22 213 493 322 108
Rodney 59 251 487 275 88
South Auckland 203 681 1,261 529 206
West Auckland 110 426 1,086 382 108
Grand total 1,553 4,323 6,716 3,212 1,012

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