{"id":13237,"date":"2023-04-04T13:26:30","date_gmt":"2023-04-04T01:26:30","guid":{"rendered":"https:\/\/360propertymanagement.co.nz\/?page_id=13237"},"modified":"2023-04-04T13:28:05","modified_gmt":"2023-04-04T01:28:05","slug":"auckland-rental-market-december-2022","status":"publish","type":"page","link":"https:\/\/360propertymanagement.co.nz\/?page_id=13237","title":{"rendered":"Auckland Rental Market Update – December 2022"},"content":{"rendered":"\n\n\n\n

Stay up to date with Auckland’s rental market. <\/h2>\n\n\n\n

Proudly presenting the latest residential rental data as supplied by the Real Estate Institute of New Zealand (REINZ<\/a>). <\/p>\n\n\n\n

In some Auckland areas, we\u2019re seeing the median weekly rent return to the levels we experienced at the same time last year. Or, in some cases, even noting Auckland rents decreasing. <\/p>\n\n\n\n

In December of 2022, the average weekly rent for three-bedroom rental properties in Sandringham was $680. Compare this to $650 in September last year and you’ll see a 4.6% increase in rent prices.<\/p>\n\n\n\n

In Remuera, the median rent for a three-bedroom home was $845 per week, a 7.1% decrease from $785 the year previous.\u00a0<\/p>\n\n\n\n

If you’re unsure about what rent you should be charging, please get in touch with our team today for a complimentary rental appraisal. <\/p>\n\n\n\n\nClick here to request your free rental appraisal.<\/span>\n\n\n\n\n\n\n

\"\"<\/figure>\n\n\n\n\n\n
<\/div>\n\n\n\n

Median Auckland Rent Update – December 2022<\/h2>\n\n\n\n\n\n

OREWA<\/h4>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n$435<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$520<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$635<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n$800<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

BROWNS BAY<\/h4>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n$400<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n$530<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n$670<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n$800<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

WEST AKL<\/h4>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n$375<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$520<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n$600<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n$750<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

SANDRINGHAM<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$450<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$510<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$680<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$830<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n

TE ATATU<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$405<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$575<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$625<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$780<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

WATERVIEW<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$360<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$523<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$625<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$730<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

MT EDEN<\/h4>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n$415<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$558<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$730<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$980<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

GLENFIELD<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$420<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$550<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$640<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$750<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n

MT ROSKILL<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$523<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$650<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$780<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

CITY CENTRE<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$395<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$530<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$735<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

EPSOM<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$425<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$560<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$795<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$995<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

ELLERSLIE<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$535<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$680<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$900<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n

REMUERA<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$470<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$675<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$845<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$1,050<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

MANUREWA<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$400<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$498<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$640<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$730<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

PUKEKOHE<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$400<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$470<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$600<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$690<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

PAPAKURA<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$490<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$595<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$735<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n

MEADOWBANK<\/h4>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n$458<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$595<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$768<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$950<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

HOWICK<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$440<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$560<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$680<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$790<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

MANGERE<\/h4>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$463<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$475<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$630<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$700<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n

PAPATOETOE<\/h4>\n\n\n\n
\n
\n\n\n
\"\"<\/figure>\n\n\n\n\n\n\n<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$510<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n$650<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n
\n
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\"\"<\/figure>\n\n\n\n\n\n\n<\/span>\n\n\n\n<\/div>\n<\/div>\n\n\n\n\n\n
<\/div>\n\n\n\n

Click Here to see the Auckland Rent Review for September 2022.<\/a><\/p>\n\n\n\n

Click Here to see the Auckland Rent Review for July 2022.<\/a><\/p>\n\n\n\n

Click Here to see the Auckland Rent Review for June 2022.<\/a><\/p>\n\n\n\n

Click Here to see the Auckland Rent Review for May 2022.<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/div>\n\n\n\n\n\n

A Note from us, <\/h2>\n\n\n\n

As a result of rising interest cost, we expected to see an influx of investors increasing the rents across their portfolios over the next year. However, this number has fallen to an all-time low since June 2021 with only 5.7% of investors looking to increase rent.<\/p>\n\n\n\n

Many landlords report it is progressively harder to find good tenants, reflected in their desire to keep their current tenants rather than seek new ones. <\/p>\n\n\n\n

Rents are showing a slight decrease due to an influx of available rental stock, competition of vacant properties across Auckland, and landlords wanting to fill their properties faster. Other parts of the country are also facing similar changes.<\/p>\n\n\n\n

For more information, please get in touch with your property manager today.<\/p>\n\n\n\n\n

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