July 2018 rental report

Find out how the average rent for different-sized Auckland properties has changed over the past year.

Rents in Auckland continue to increase at a steady pace of 3.8% per annum.
Three bedroom homes account for 41% of rental properties and rent for an average of $559 per week. This is a $19 increase since July last year.
The rents in the Eastern Suburbs and Pakuranga Howick have risen less than 3% in the past 12 months.
The highest rental increases have been in West Auckland, Franklin/Manukau and the North Shore.

Average weekly rent received across Auckland

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	Number of bedrooms
	1	2	3	4	5+
Central Auckland	$408	$563	$971
Central Suburbs	$378	$500	$634	$813	$1,056
Eastern Suburbs	$379	$512	$664	$912	$1,060
Franklin/Manukau Rural	$307	$366	$444	$564	$662
North Shore	$396	$479	$596	$740	$924
Pakuranga/Howick	$344	$454	$557	$680	$780
Rodney	$348	$439	$533	$664	$816
South Auckland	$312	$408	$497	$595	$723
West Auckland	$332	$424	$511	$621	$752
Auckland average	$370	$469	$559	$701	$861

Number of rental properties by number of rooms

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	Number of bedrooms
	1	2	3	4	5+
Central Auckland	376	235	21
Central Suburbs	403	1,022	1,127	492	156
Eastern Suburbs	199	599	672	313	86
Franklin/Manukau Rural	65	152	463	289	46
North Shore	93	565	950	498	186
Pakuranga/Howick	21	217	498	318	108
Rodney	57	223	471	268	77
South Auckland	204	697	1,339	514	197
West Auckland	109	434	1,093	365	102
Grand total	1,527	4,144	6,634	3,059	961

Source: Barfoot & Thompson average tenancies as at 1 October 2018 and Barfoot & Thompson average sales over the last six months to beginning October 2018 for three bedroom properties in Auckland. Yield calculated using average sale price and average rental per week.

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