tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, March 28th, 10:13PM

News

rss
Latest Headlines

Ups and downs, Auckland year-on-year rents revealed by Crockers

The average rent for a four-bedroom property in Auckland's Ponsonby has risen 57% over the past year, while Epsom has seen a 40% fall, according to the latest Crockers Auckland rental price table.

Monday, May 16th 2011, 2:20PM 4 Comments

by The Landlord

Nationwide, the Crockers figures show the average median rent for a four bedroom property rose 2% from $430 to $440.

In Ponsonby, the average median increased from $700 to $1,100 while in Epsom average rents for a four-bedroom property fell from $700 to $420.

Of the 28 suburbs included in the four-bedroom market, 22 saw rents rise, two remained the same and four saw rents fall.

In the three-bedroom market the largest year-on-year rise was seen in Mount Eden, up 23% from $530 to $652. Prices for three-bedroom rents held steady with only one location, Birkenhead, seeing a fall, down 2% from $495 to $487.

Nationwide, the average median rent for a three-bedroom property rose 1% from $340 to $345.

For two bedroom properties the largest yearly rise was seen in Grey Lynn/Westmere, with the average median rent up 18% from $450 to $530. The three-bedroom market remained largely stable with only two locations seeing rents fall, down 3% in Epsom and 5% in Point chevalier/Mount Albert.

Of the 29 suburbs included in the two bedroom figures, 25 saw rents rise while two remained the same.

Nationwide, the average two bedroom median rent was up 3% from $290 to $300.

The largest rent rise in the one bedroom market was seen in Howick, up 24% from $250 to $310.

The largest fall was in Manakau/Manurewa, where the average median rent fell 5% from $300 to $285.

Of the 22 suburbs included in the one bedroom market, 15 saw rents rise, two remained the same and five saw rents fall.

Nationwide, the average median rent for a one bedroom property rose 2%, up from $225 to $230.

« Rental property top investment choice for AucklandersFree Investment Property Showcase Events: Auckland, Wellington and Christchurch »

Special Offers

Comments from our readers

On 17 May 2011 at 8:51 am JG said:
What does 'average median' mean? It's average or median, not both.
On 17 May 2011 at 9:16 am Brett said:
"Epsom average rents for a four-bedroom property fell from $700 to $420" - doesn't sound quite right does it? How many properties sampled in this survey?
On 17 May 2011 at 12:02 pm Diane said:
Yes, does seem very strange that such opposite movements in Epsom and Ponsonby. Seeing they are not that far away, surely tenants would move from Ponsonby to Epsom? I think the survey is not quite right, maybe its only from Crockers managed properties?
On 31 May 2011 at 9:32 am CR said:
What a terrible article, $420 for a four bedroom in Epsom?? I Think not. Four bedrooms rent for well over $420 in Manurewa!!
Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.79 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.79 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 ▼8.09 ▼7.59 ▼7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 ▼9.09 ▼8.59 ▼8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.49 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.89 6.65
Median 8.64 7.29 7.32 6.65

Last updated: 28 March 2024 9:42am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com