The data sources included:
- Sales for Auckland and Northland properties in the past 12 months with properties over $2.5 million removed.
- Weekly rental received from B&T managed properties as at 01/09/2018.
Rental incomes have been rising consistently for many years as we've seen a steady 4-5% increase for the past 5 years. However these increases have been outpaced by the greater increase in the residential sales market, resulting in decreased yield.This month we're looking at where the greatest yields can still be achieved, and what types of properties offer these yields.
The tables below provides an overview of the average weekly rental and the average sales price per property type and by number of bedrooms. This information forms the basis of insights around the yield per property type.