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Quarterly Rental Update: Auckland s Average Rent Holds Above $600 Per Week Through Second Quarter

Thursday, 22 July 2021, 12:21 pm Auckland’s average weekly rent ticked over the $600 mark in April and finished the second quarter with a June average of $605, according to data from more than 16,500 rental properties managed by Barfoot & Thompson. Director Kiri Barfoot says that the figure is in keeping with the anticipated annual increase in rents across the city. “The year-on-year increases in average rent have hovered between 2 and 3 per cent each year for the past several years, with exception of the second and third quarters of 2020 when the Government-mandated rent freeze was in place. “June’s figure represents a 0.3 per cent increase on May’s average – or around $2

The surprise Auckland area where rents are declining

The surprise Auckland area where rents are declining Newshub 13 hrs ago Matt Burrows Replay Video Auckland rents continue to climb - but central Auckland is bucking the trend. New data from Barfoot and Thompson, gleaned from the 16,500 rental properties the company manages, shows the average weekly rent in the region is now $605 - up 2.9 percent on the previous year. Every area in Auckland bar one has experienced a year-on-year increase - led by south Auckland, where average rents rose by 4.8 percent to $554, and west Auckland, where rents are now up 4.2 percent on the same time in 2020 to $560. Rodney rents increased 4.1 percent compared to last June, while Franklin/Manukau Rural rose by 3.3 percent, Eastern Suburbs by 3.2 percent, Central Suburbs by 2.9 percent and Pakuranga/Howick by 2.7 percent.

Revealed: Where Auckland rents are rising fastest

Revealed: Where Auckland rents are rising fastest
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