May 2020 suburb report: rent, house prices and yield

See a breakdown of average house prices, average weekly rent and gross yield for three-bedroom properties across Auckland in May 2020.

For more information contact a property manager or to find out how much rent you can achieve, ask for a rental appraisal.

Suburb breakdown

Auckland average

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Average sale price (3 bedroom) Average rent per week (3 bedroom) Gross yield
Auckland  $939,588 $584 3.25%

Central Auckland

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Auckland Central  $1,302,813 $1,041 4.18%

Central Suburbs

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Avondale $931,765 $558 3.13%
Blockhouse Bay $1,009,923 $566 2.93%
Epsom $1,610,000 $786 2.55%
Greenlane $1,695,000 $665 2.05%
Grey Lynn $1,718,292 $754 2.29%
Hillsborough $1,035,556 $586 2.96%
Mt Albert $976,133 $614 3.29%
Mt Eden $1,582,900 $728 2.40%
Mt Roskill $949,750 $573 3.15%
New Windsor $1,070,750 $568 2.77%
One Tree Hill $1,302,143 $632 2.53%
Onehunga $1,110,812 $622 2.92%
Royal Oak $1,563,700 $633 2.12%
Three Kings  $988,200 $662 3.50%
Westmere $1,694,000 $867 2.67%

Eastern Suburbs

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Ellerslie $1,144,250 $656 3.00%
Glen Innes  1,022,000 $603 3.08%
Glendowie $1,745,727 $747 2.24%
Kohimarama  $1,406,300 $902 3.35%
Mission Bay  $1,963,000 $776 2.07%
Mt Wellington $893,887 $581 3.40%
Panmure $1,083,700 $575 2.77%
Remuera $1,215,610 $783 3.36%
St Heliers $1,472,364 $746 2.65%

Franklin/Manukau Rural

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Pokeno  $710,833 $530 3.90%
Tuakau $587,958 $451 4.01%
Karaka $775,182 $577 3.89%
Pukekohe $659,454 $473 3.75%
Waiuku $594,289 $473 4.16%

North Shore

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Albany  $1,197,005 $623 2.72%
Beach Haven $856,467 $553 3.37%
Birkdale $835,000 $548 3.43%
Birkenhead $1,035,500 $628 3.17%
Browns Bay $1,052,470 $597 2.97%
Devonport $1,813,814 $817 2.35%
Forrest Hill $1,237,063 $633 2.67%
Glenfield $874,312 $574 3.43%
Mairangi Bay $1,071,357 $670 3.27%
Milford $1,198,500 $684 2.98%
Murray's Bay $1,091,750 $622 2.98%
Sunnynook $980,700 $581 3.10%
Takapuna $1,810,350 $704 2.03%
Torbay $941,333 $611 3.39%

Pakuranga/Howick

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Beachlands  $946,857 $622 3.43%
Bucklands Beach $1,130,929 $584 2.70%
East Tamaki Heights $1,090,200 $595 2.85%
Half Moon Bay $1,155,444 $585 2.65%
Highland Park $1,063,500 $566 2.78%
Howick $1,022,523 $576 2.94%
Northpark $1,020,714 $627 3.21%
Pakuranga $1,008,868 $537 2.78%

Rodney

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Arkles Bay $826,000 $563 3.56%
Army Bay $752,333 $591 4.11%
Orewa $914,850 $587 3.35%
Stanmore Bay $790,300 $538 3.56%
Red Beach $858,423 $574 3.49%
Manly $828,182 $570 3.60%
Silverdale - Whangaparaoa  $934,550 $648 3.62%
Warkworth  $805,800 $544 3.53%
Gulf Harbour $666,400 $558 4.37%

South Auckland

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Clendon Park $557,071 $504 4.73%
Conifer Grove $608,750 $568 4.87%
Flat Bush $933,597 $582 3.26%
Goodwood Heights $798,275 $603 3.95%
Mangere $691,321 $520 3.93%
Mangere Bridge $971,775 $568 3.06%
Manurewa $643,152 $507 4.12%
Otahuhu $572,750 $518 4.73%
Otara $568,500 $495 4.55%
Papakura $656,177 $498 3.97%
Papatoetoe $802,125 $529 3.44%
Takanini $674,328 $531 4.11%
Wattle Downs $698,857 $533 3.99%
Weymouth $683,000 $510 3.90%

West Auckland

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Glen Eden $749,304 $500 3.49%
Glendene $755,385 $517 3.58%
Green Bay $849,500 $544 3.35%
Henderson $785,342 $522 3.47%
Hobsonville  $905,188 $667 3.85%
Kelston $711,760 $529 3.89%
Massey $782,088 $513 3.43%
New Lynn $895,775 $524 3.06%
Ranui $644,625 $497 4.02%
Sunnyvale $682,233 $529 4.05%
Te Atatu Peninsula $966,056 $541 2.93%
Te Atatu South $836,000 $535 3.34%
Titirangi $775,607 $568 3.82%
West Harbour $861,444 $553 3.36%

Source: Barfoot & Thompson analysis of its tenancies as at 31 May 2020 and its sales over the last six months for three bedroom properties. Gross yield calculated using 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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