March 2022 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.

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  $1,287,903  $621 2.5%

Central Auckland

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
City Centre $1,667,143 $1,024 3.2%

Central Auckland East Suburbs

Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Epsom  $1,853,929  $775 2.2%
Greenlane  $1,820,714  $688 2.0%
Hillsborough  $1,316,444  $636 2.5%
Mount Eden  $2,197,464  $749 1.8%
Mount Roskill  $1,302,391  $604 2.4%
New Windsor  $1,404,643  $599 2.2%
One Tree Hill  $1,320,714  $673 2.6%
Onehunga  $1,689,556  $651 2.0%
Royal Oak  $1,689,222  $716 2.2%
Sandringham  $1,960,286  $660 1.8%
Three Kings  $1,409,875  $682 2.5%

Central Auckland West Suburbs

Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Grey Lynn  $2,003,857  $799 2.1%
Herne Bay  $1,600,000  $969 3.1%
Morningside  $635,000  $577 4.7%
Mount Albert  $1,647,150  $645 2.0%
Eastern Suburbs
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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Ellerslie  $1,580,300  $673 2.2%
Glen Innes  $1,489,786  $638 2.2%
Glendowie  $2,232,389  $781 1.8%
Mount Wellington  $1,642,051  $612 1.9%
Panmure  $1,548,600  $615 2.1%
Parnell  $2,014,864  $857 2.2%
Point England  $1,231,250  $605 2.6%
Remuera  $2,018,256  $810 2.1%
Saint Heliers  $2,041,294  $815 2.1%
Saint Johns  $1,436,250  $722 2.6%

Franklin/Manukau Rural

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Pukekohe  $923,036  $513 2.9%
Tuakau  $897,600  $488 2.8%
Waiuku  $982,104  $495 2.6%

North Shore

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Albany  $1,053,610  $642 3.2%
Bayview  $1,142,778  $608 2.8%
Beach Haven  $1,232,738  $577 2.4%
Birkdale  $1,205,563  $593 2.6%
Birkenhead  $1,238,862  $639 2.7%
Browns Bay  $1,414,739  $636 2.3%
Castor Bay  $1,946,000  $725 1.9%
Devonport  $1,997,700  $804 2.1%
Forrest Hill  $1,597,693  $657 2.1%
Glenfield  $1,226,229  $601 2.5%
Hillcrest  $1,211,722  $640 2.7%
Mairangi Bay  $1,993,125  $713 1.9%
Milford  $1,737,571  $673 2.0%
Murrays Bay  $1,686,875  $657 2.0%
Northcote  $1,072,833  $626 3.0%
Sunnynook  $1,454,467  $624 2.2%
Takapuna  $2,367,063  $753 1.7%
Torbay  $1,311,467  $636 2.5%
Unsworth Heights  $1,331,800  $623 2.4%

Pakuranga/Howick

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Botany Downs  $1,416,754  $630 2.3%
Bucklands Beach  $2,047,765  $621 1.6%
Cockle Bay  $1,660,333  $609 1.9%
Dannemora  $1,516,250  $672 2.3%
East Tamaki Heights  $2,850,000  $660 1.2%
Flat Bush  $1,003,899  $625 3.2%
Half Moon Bay  $1,410,958  $606 2.2%
Highland Park  $1,323,400  $585 2.3%
Howick  $1,260,692  $613 2.5%
Northpark  $1,421,333  $654 2.4%
Pakuranga  $1,158,358  $582 2.6%

Rodney

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Gulf Harbour  $1,141,850  $606 2.8%
Manly  $1,170,542  $603 2.7%
Orewa  $1,250,316  $616 2.6%
Red Beach  $1,225,800  $607 2.6%
Silverdale  $1,539,875  $631 2.1%
Stanmore Bay  $1,069,271  $573 2.8%
Warkworth  $1,133,778  $582 2.7%

South Auckland

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Clendon Park  $914,533  $512 2.9%
Clover Park  $915,286  $558 3.2%
Conifer Grove  $1,039,500  $540 2.7%
Karaka  $3,175,000  $646 1.1%
Mangere  $1,243,511  $566 2.4%
Mangere Bridge  $1,295,000  $611 2.5%
Mangere East  $1,022,692  $580 2.9%
Manurewa  $1,041,801  $553 2.8%
Otahuhu  $1,066,938  $560 2.7%
Otara  $1,056,514  $522 2.6%
Papakura  $970,620  $548 2.9%
Papatoetoe  $1,156,180  $585 2.6%
Randwick Park  $937,833  $545 3.0%
Takanini  $940,919  $572 3.2%
The Gardens  $1,223,000  $670 2.8%
Wattle Downs  $1,153,645  $607 2.7%
Weymouth  $1,040,800  $570 2.8%

West Auckland

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Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield
Avondale  $1,216,514  $597 2.6%
Blockhouse Bay  $1,327,250  $599 2.3%
Glen Eden  $992,183  $545 2.9%
Glendene  $1,090,438  $560 2.7%
Green Bay  $1,355,625  $587 2.3%
Henderson  $1,174,347  $558 2.5%
Hobsonville  $1,285,641  $694 2.8%
Kelston  $1,041,254  $561 2.8%
Massey  $1,181,123  $561 2.5%
New Lynn  $1,037,952  $562 2.8%
Ranui  $899,662  $549 3.2%
Sunnyvale  $1,070,700  $557 2.7%
Te Atatu Peninsula  $1,443,614  $603 2.2%
Te Atatu South  $1,321,766  $581 2.3%
Titirangi  $1,329,974  $605 2.4%
West Harbour  $1,286,577  $596 2.4%

Source: Barfoot & Thompson analysis of its tenancies as at 31 March 2022 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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