September 2019 Rental report
Find out how the average rent for different-sized Auckland properties has changed over the past year.
- Auckland rents have increased 2.9% on average in the past 12 months.
- The average price of a 3 bedroom property continues to decline slowly (down 2.6% since Sept 2018) resulting in a gross rental yield of 3.46% which is the highest yield seen since February 2015.
- Growth in rents of 1 and 2 bed properties continue to outperform larger properties.
Average weekly rent received across Auckland
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | $418 | $620 | $1,096 | $640 | $898 |
| Central Suburbs | $393 | $519 | $651 | $826 | $1,064 |
| Eastern Suburbs | $396 | $528 | $690 | $891 | $1,106 |
| Franklin/Manukau Rural | $323 | $388 | $465 | $574 | $687 |
| North Shore | $406 | $501 | $616 | $754 | $955 |
| Pakuranga/Howick | $363 | $470 | $575 | $693 | $806 |
| Rodney | $357 | $461 | $553 | $670 | $832 |
| South Auckland | $322 | $423 | $517 | $622 | $751 |
| West Auckland | $348 | $442 | $526 | $641 | $769 |
| Auckland average | $384 | $489 | $578 | $708 | $880 |
Number of rental properties by number of rooms
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| Number of bedrooms | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5+ | |
| Central Auckland | 397 | 261 | 35 | 2 | 3 |
| Central Suburbs | 404 | 1,054 | 1,103 | 480 | 150 |
| Eastern Suburbs | 207 | 589 | 649 | 310 | 88 |
| Franklin/Manukau Rural | 64 | 180 | 605 | 401 | 59 |
| North Shore | 95 | 571 | 950 | 502 | 193 |
| Pakuranga/Howick | 22 | 214 | 503 | 344 | 110 |
| Rodney | 56 | 273 | 491 | 271 | 89 |
| South Auckland | 191 | 678 | 1,237 | 511 | 204 |
| West Auckland | 111 | 421 | 1,011 | 355 | 106 |
| Grand total | 1,547 | 4,241 | 6,584 | 3,176 | 1,002 |
Source: Barfoot & Thompson analysis of its tenancies as at 30 September 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.
