December 2023 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
| Average sale price (3 bedroom) | Average rent per week (3 bedroom) | Gross yield | |
|---|---|---|---|
| Auckland | $1,057,068 | $661 | 3.25% |
Central Auckland
| Suburb | Average sale price (3 bedroom) | Average rent per week (3 bedroom) | Gross yield |
|---|---|---|---|
| Auckland Central | $1,160,375.00 | $1,072 | 4.80% |
Central Auckland East
| Suburb | Average sale price (3 bedroom) | Average rent per week (3 bedroom) | Gross yield |
|---|---|---|---|
| Epsom | $1,507,312.63 | $806 | 2.78% |
| Greenlane | $1,938,500.00 | $743 | 1.99% |
| Hillsborough | $1,065,800.00 | $688 | 3.35% |
| Lynfield | $1,002,500.00 | $654 | 3.39% |
| Mount Eden | $1,835,200.00 | $771 | 2.19% |
| Mount Roskill | $1,413,075.00 | $649 | 2.39% |
| New Windsor | $1,264,000.00 | $631 | 2.60% |
| One Tree Hill | $1,640,333.33 | $714 | 2.26% |
| Onehunga | $1,132,875.00 | $683 | 3.13% |
| Royal Oak | $1,341,428.57 | $750 | 2.91% |
| Sandringham | $1,370,945.67 | $695 | 2.64% |
| Three Kings | $1,122,214.29 | $775 | 3.59% |
Central Auckland West
| Suburb | Average sale price (3 bedroom) | Average rent per week (3 bedroom) | Gross yield |
|---|---|---|---|
| Freemans Bay | $1,691,666.67 | $996 | 3.06% |
| Grey Lynn | $2,176,909.09 | $865 | 2.07% |
| Morningside | $1,168,000.00 | $564 | 2.51% |
| Mount Albert | $1,137,545.45 | $662 | 3.03% |
| Point Chevalier | $1,475,000.00 | $801 | 2.82% |
| Ponsonby | $1,571,000.00 | $1,016 | 3.36% |
| Westmere | $1,913,333.33 | $954 | 2.59% |
Eastern Suburbs
| Suburb | Average sale price (3 bedroom) | Average rent per week (3 bedroom) | Gross yield |
|---|---|---|---|
| Ellerslie | $1,194,600.00 | $720 | 3.14% |
| Glen Innes | $1,119,578.95 | $684 | 3.18% |
| Glendowie | $1,588,518.75 | $797 | 2.61% |
| Kohimarama | $1,993,000.00 | $949 | 2.48% |
| Meadowbank | $1,424,166.67 | $826 | 3.02% |
| Mission Bay | $1,681,000.00 | $843 | 2.61% |
| Mount Wellington | $995,080.65 | $661 | 3.45% |
| Orakei | $1,802,200.00 | $843 | 2.43% |
| Panmure | $981,846.15 | $639 | 3.39% |
| Parnell | $1,792,500.00 | $863 | 2.50% |
| Point England | $1,162,200.00 | $666 | 2.98% |
| Remuera | $1,638,214.29 | $837 | 2.66% |
| Saint Heliers | $1,731,588.24 | $858 | 2.58% |
| Saint Johns | $1,340,714.29 | $754 | 2.92% |
| Stonefields | $1,399,000.00 | $846 | 3.15% |
Franklin/Manukau Rural
| Suburb | Average sale price (3 bedroom) | Average rent per week (3 bedroom) | Gross yield |
|---|---|---|---|
| Clarks Beach | $864,333.33 | $580 | 3.49% |
| Pokeno | $896,500.00 | $639 | 3.71% |
| Pukekohe | $834,221.88 | $563 | 3.51% |
| Tuakau | $786,678.57 | $538 | 3.56% |
| Waiuku | $802,444.44 | $542 | 3.51% |
North Shore
| Suburb | Average sale price (3 bedroom) | Average rent per week (3 bedroom) | Gross yield |
|---|---|---|---|
| Albany | $1,032,888.89 | $691 | 3.48% |
| Bayswater | $1,346,250.00 | $762 | 2.94% |
| Bayview | $971,611.00 | $641 | 3.43% |
| Beach Haven | $888,714.29 | $630 | 3.69% |
| Belmont | $1,275,800.00 | $779 | 3.18% |
| Birkenhead | $1,170,500.00 | $678 | 3.01% |
| Browns Bay | $1,062,818.18 | $680 | 3.33% |
| Devonport | $1,578,769.23 | $846 | 2.79% |
| Forrest Hill | $1,317,733.33 | $708 | 2.79% |
| Glenfield | $1,017,558.14 | $637 | 3.26% |
| Greenhithe | $1,569,333.33 | $788 | 2.61% |
| Hillcrest | $1,140,681.82 | $687 | 3.13% |
| Mairangi Bay | $1,125,200.00 | $743 | 3.43% |
| Milford | $1,170,666.67 | $709 | 3.15% |
| Murrays Bay | $1,465,600.00 | $702 | 2.49% |
| Northcote | $1,094,270.00 | $654 | 3.11% |
| Northcross | $1,142,333.33 | $829 | 3.77% |
| Rothesay Bay | $1,651,266.67 | $760 | 2.39% |
| Sunnynook | $1,117,500.00 | $646 | 3.01% |
| Takapuna | $1,429,642.86 | $777 | 2.83% |
| Torbay | $1,099,857.14 | $677 | 3.20% |
| Totara Vale | $937,666.67 | $642 | 3.56% |
| Unsworth Heights | $1,127,166.67 | $662 | 3.05% |
Pakuranga/Howick
| Suburb | Average sale price (3 bedroom) | Average rent per week (3 bedroom) | Gross yield |
|---|---|---|---|
| Beachlands | $1,315,500.00 | $766 | 3.03% |
| Botany Downs | $1,182,000.00 | $675 | 2.97% |
| Bucklands Beach | $1,596,937.50 | $672 | 2.19% |
| Cockle Bay | $1,369,750.00 | $677 | 2.57% |
| Dannemora | $1,431,666.67 | $714 | 2.59% |
| Eastern Beach | $1,864,500.00 | $664 | 1.85% |
| Farm Cove | $1,103,333.33 | $635 | 2.99% |
| Flat Bush | $930,571.43 | $671 | 3.75% |
| Golflands | $964,500.00 | $680 | 3.66% |
| Half Moon Bay | $1,370,833.33 | $665 | 2.52% |
| Highland Park | $1,194,500.00 | $640 | 2.78% |
| Howick | $1,150,558.82 | $650 | 2.94% |
| Pakuranga | $1,044,460.35 | $630 | 3.14% |
| Pakuranga Heights | $1,029,437.50 | $632 | 3.19% |
| Somerville | $1,476,000.00 | $691 | 2.43% |
| Sunnyhills | $1,310,909.30 | $668 | 2.65% |
Rodney
| Suburb | Average sale price (3 bedroom) | Average rent per week (3 bedroom) | Gross yield |
|---|---|---|---|
| Arkles Bay | $858,333.33 | $628 | 3.80% |
| Gulf Harbour | $727,500.00 | $657 | 4.70% |
| Helensville | $895,000.00 | $593 | 3.44% |
| Huapai | $1,095,714.29 | $685 | 3.25% |
| Kumeu | $960,232.50 | $628 | 3.40% |
| Manly | $1,438,000.00 | $645 | 2.33% |
| Orewa | $1,187,777.78 | $658 | 2.88% |
| Red Beach | $978,416.67 | $654 | 3.48% |
| Silverdale | $978,714.29 | $686 | 3.65% |
| Stanmore Bay | $880,233.33 | $607 | 3.59% |
South Auckland
| Suburb | Average sale price (3 bedroom) | Average rent per week (3 bedroom) | Gross yield |
|---|---|---|---|
| Clendon Park | $754,153.85 | $575 | 3.96% |
| Clover Park | $748,625.00 | $602 | 4.18% |
| Drury | $753,833.33 | $713 | 4.92% |
| East Tamaki | $1,066,250.00 | $684 | 3.33% |
| Favona | $801,000.00 | $617 | 4.01% |
| Karaka | $1,177,333.33 | $667 | 2.95% |
| Mangere | $830,310.20 | $595 | 3.73% |
| Mangere Bridge | $1,319,833.33 | $642 | 2.53% |
| Mangere East | $834,288.46 | $624 | 3.89% |
| Manukau | $1,091,000.00 | $654 | 3.12% |
| Manurewa | $906,328.98 | $608 | 3.49% |
| Opaheke | $844,000.00 | $607 | 3.74% |
| Otahuhu | $961,833.33 | $597 | 3.23% |
| Otara | $745,000.00 | $570 | 3.98% |
| Pahurehure | $881,750.00 | $630 | 3.72% |
| Papakura | $831,565.92 | $604 | 3.78% |
| Papatoetoe | $1,024,573.81 | $630 | 3.20% |
| Randwick Park | $730,142.86 | $583 | 4.15% |
| Red Hill | $729,000.00 | $653 | 4.66% |
| Rosehill | $869,666.67 | $633 | 3.78% |
| Takanini | $840,711.54 | $622 | 3.85% |
| The Gardens | $1,061,666.67 | $720 | 3.52% |
| Wattle Downs | $903,300.00 | $644 | 3.71% |
| Weymouth | $819,545.45 | $619 | 3.93% |
West Auckland
| Suburb | Average sale price (3 bedroom) | Average rent per week (3 bedroom) | Gross yield |
|---|---|---|---|
| Avondale | $960,665.71 | $644 | 3.49% |
| Blockhouse Bay | $1,083,992.31 | $653 | 3.13% |
| Glen Eden | $891,344.46 | $589 | 3.43% |
| Glendene | $874,982.43 | $606 | 3.60% |
| Henderson | $909,714.29 | $588 | 3.36% |
| Hobsonville | $1,181,052.38 | $720 | 3.17% |
| Massey | $879,978.78 | $601 | 3.55% |
| New Lynn | $926,070.24 | $609 | 3.42% |
| Ranui | $857,000.00 | $580 | 3.52% |
| Sunnyvale | $883,850.00 | $601 | 3.54% |
| Swanson | $883,840.00 | $650 | 3.82% |
| Te Atatu Peninsula | $976,130.43 | $630 | 3.35% |
| Te Atatu South | $925,070.00 | $611 | 3.44% |
| Titirangi | $910,909.09 | $633 | 3.61% |
| West Harbour | $986,883.64 | $623 | 3.28% |
| Westgate | $938,633.33 | $687 | 3.81% |
Source: Barfoot & Thompson analysis of its tenancies as of 31 December 2023 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.
