Auckland rent premiums march ahead in April

Nationwide, median weekly rents for one and two-bedroom properties remained at April 2011 levels at $230 and $300 respectively.

Average nationwide weekly rents for three-bedroom properties climbed 4% from $345 to $360 while four-bedroom rents rose 2% from $440 to $450.

Within the Auckland one-bedroom market, just one location commanded less in rent than the nationwide average, Papakura, which also recorded the largest rental fall, down 28% from $250 to $180.

The biggest rent rise in the one-bedroom market was seen in Browns Bay/Torbay/Albany, up 24% from $225 to $279.

In the two-bedroom market just two locations had average rents below the national average, Pukekohe and Mangere/Otahuhu/Otara at $260 and $295 respectively.

The largest rental fall was recorded in Pakuranga, down 3% from $362 to $350.The biggest yearly increase was seen in Epsom, up 15% from $390 to $447.

In the Auckland three-bedroom market Pukekohe and Papakura were the only locations below the nationwide average at $350 each.

The largest yearly fall was recorded in Mt Eden, down 11% from $652 to $580. The largest rise was recorded in Devonport, up 21% from $600 to $725.

As with the three-bedroom market, only Pukekohe and Papakura had four-bedroom rents below the national average at $440 and $420 respectively.

The largest year-on-year falls were seen in Remuera and Devonport, both down 17% from $875 to $725 and $735 to $610 respectively.