Last Updated: Nov. 29, 2019
CENTRAL AUCKLAND - 3-BR HOUSES	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Auckland Central	1,054,400	2,984	3.41%
Avondale	509,943	1,534	3.63%
Blockhouse Bay	587,284	1,553	3.19%
Epsom	833,645	2,119	3.06%
Greenlane	690,560	1,850	3.23%
Grey Lynn	1,042,216	2,163	2.50%
Hillsborough	616,092	1,622	3.18%
Lynfield	559,271	1,572	3.39%
Mt Albert	598,487	1,683	3.39%
Mt Eden	883,673	2,041	2.78%
Mt Roskill	570,352	1,595	3.37%
New Windsor	617,047	1,578	3.08%
Onehunga	581,456	1,706	3.54%
Ponsonby	955,392	2,615	3.30%
Royal Oak	842,432	1,736	2.49%
Sandringham	755,565	1,756	2.80%
Three Kings	638,445	1,861	3.52%
Westmere	897,920	2,382	3.20%
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. Source: Barfoot & Thompson Definitions: Data FAQ See also: Update Schedule

Last year, we found that the best rental returns available on apartments in Wellington had moved slightly ahead of Auckland. This may reflect a jump in prices of larger properties in Auckland, which would tend to reduce the rental returns. "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 on 1 and 2 bedroom houses are now around 5.5%. Apartments, and particularly smaller apartments, tend to earn more - last year we found returns of from 6.88% to 8.43%

In Auckland, last year we found that rental yields on apartments ranged from 6.09% to 7.18%.

Property transaction costs analysis in New Zealand are rather low, and in regional terms, the total costs of buying and then selling a property are very attractive.