Rents increasing in Auckland's outer areas

Over the past few months, there has been a marked increase in the rental prices achieved in Auckland's outlying areas, such as Franklin, Manukau and Rodney, our data shows.

Franklin, Manukau and Rodney have been outperforming the rest of Auckland when it comes to rental increases.

In the past two years, Auckland's rents have increased by 9.24%, whereas in Franklin/Manukau, they have increased by 11.26% and in Rodney, by 11.39%.

Franklin/Manukau is typically our cheapest area to rent in, but with rental increases now significantly above the average, Franklin/Manukau prices are getting closer to the averages seen in South Auckland.

The rental increases in these outlying areas suggest that Aucklanders are struggling to find suitable properties in closer suburbs, or are happy to travel further afield to find the right home.

Cumulative rental increase - 2015 - 2016 (financial year)

Cumulative rental increase 2015 to 2016

Average rental increase by quarter (FY 2015 - 2016)

Source: Data analysed was all from Barfoot & Thompson properties. Rental prices are for all property sizes. FY Q1 = April to June.

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