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Regional Statistics

Dec 29, 2017

Good rental returns in Wellington and Auckland

Last Updated: Dec. 29, 2017
AUCKLAND - Apartments (size) COST ($) YIELD (p.a.) PRICE/SQ.M. ($)
50 sq. m. 360,450 n.a. n.a. 7,209 n.a.
AUCKLAND - Apartments (bedrooms)
1 BR 308,588 1,421 5.53% n.a. n.a.
2 BR 412,571 1,885 5.48% n.a. n.a.
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Districts researched:
Auckland: Auckland Central, Mt. Eden, New Market, Parnell and Ponsonby
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

We find that rental returns on apartments in Wellington have now moved ahead of Auckland. This may reflect a jump in prices of larger properties. “Foreign buyers are mostly drawn to the Auckland area”, explains Bill Sandston, a real estate lawyer.

In Wellington, the capital of New Zealand, rental yields range from 6.88% to 8.43%, with smaller apartments earning more.

In Auckland, rental yields on apartments range from 6.09% to 7.18%. Unfortunately, we were only able to sample smaller apartments, but these usually earn much better returns.

In Christchurch, our sample properties consisted of houses, not apartments. Houses tend to have lower rental yields, so the fact that we found low yields in Christchurch probably reflects the kind of property we looked at, rather than any objective difference.


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