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Auckland rents rise only 1.9% in the last 12 months

July 6th, 2017.

According to the latest Trade Me statistics Auckland rents on average have only increased by 1.9% over the last 12 months being May 2016 to May 2017.  The average rent recorded in Auckland for May 2017 is now $530pw compared to the national average rent of $390pw excluding Auckland, or $450pw including Auckland.  Interestingly in Auckland it was Units that experienced the greatest increases, seeing an average rent increase of 3.7%, almost double when compared to the Auckland average. While townhouses showed very little growth in Auckland with only a 0.9% increase.

Other trends in Auckland that have been noted is the increased demand for single bedroom places and those with 4 plus bedrooms. Accordingly to recent data, 1 bedroom property tenancies have increased by 85% and now makes up nearly a quarter of Auckland’s rentals. While the standard 3 bedroom home in Auckland now only makes up approximately one third of all rentals, down from 50% when compared to two decades ago and

Auckland’s North Shore has the largest portion of 4 bedroom plus rental agreements when compared to the rest of Auckland. These changes have been attributed to - "Auckland's housing needs have changed. The drivers of this have been changing family structures, increasing international immigration and multiculturalism, and evolving attitudes to lifestyles and expectations among Auckland's population.”

With these ever-increasing changes, it’s important to regularly review your existing rental portfolio and make sure it is still meeting the demands of its would be tenants and to assess what changes could be made to make it more appealing to its target market.

Talk to us today about how we can help you stay ahead of the rental market game.

2 Comments

Claudia Mountgarrett says ...
In the city of Auckland the ration in the rents rise just two present for the people and it is good for the middle class. In last year they just raise minor rents and they gave assignments to the other cities of the country.
sdsds says ...
En vente ou dans d'autres situations, il n'y a généralement pas de retour économique immédiat. Par exemple, quand vous venez de Lorsque vous vendez un bien immobilier, vous passez souvent du temps à prévoir le client, à montrer le bien et à obtenir son consentement, etc., réplique montre mais ce n’est qu’après la transaction que votre courtier sera parfois rejeté par peur. Ou échec, mettant souvent trop l'accent sur les préparatifs, de sorte qu'ils ont peur de faire face au public. Cependant, dans la plupart des cas, les vendeurs qui considèrent la préparation comme un résultat plutôt que comme un moyen ignorent souvent l’écart qui existe entre la productivité et une organisation efficace.
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