RESIDENTIAL RENTAL Auckland: Snapshot of Typical Asking Rents (approx) MARKET TRENDS AUCKLAND INNER AUCKLAND MIDDLE AUCKLAND OUTER Typical length of tenancy 6 months to 3 years Meadowbank, St Johns, Howick, Glen Pt Chevalier, Western Springs, Mt Albert, Notice period Innes, Stone昀椀elds, Pt England, Mt Southern Mt Eden, Sandringham, Dependant on lease terms such as Wellington, Penrose, Pakuranga, Mt City, Parnell, Newmarket, Kingsland, Epsom, Remuera, Greenlane, Ellerslie, diplomatic clause Locations/Zone Northern Mt Eden, Ponsonby, Grey Lynn, One Tree Hill, Royal Oak, Mission Roskill, Avondale, New Lynn, Blockhouse Bay, Green Bay, Henderson, Te Atau, St Mary’s Bay, Herne Bay, Westmere Bay, Kohimarama, St Heliers, Orakei, Typical deposit Massey, Hobsonville, Greenhithe, Takapuna, Northcote Point, Milford, 4 weeks rent or by negotiation Glen昀椀eld, Rosedale, Albany, Murrays Bay, Devonport, Northcote, Birkenhead Browns Bay, Torbay, Long Bay Unique situations Sometimes a holding deposit of no Rental Rental Rental more than 1 week’s rent is requested price is up, price is up, price is up, to hold the property for the tenant. Rent From Rent To down or Rent From Rent To down or Rent From Rent To down or Property Pro昀椀le (NZD/ (NZD/ unchanged (NZD/ (NZD/ unchanged (NZD/ (NZD/ unchanged Once the lease is signed, this should Month) Month) from Month) Month) from Month) Month) from be refunded or put towards the rent. previous previous previous quarter quarter quarter 1 Bed Apt/ Townhouse/ 2023-Q4 2,389 4,758 2,260 3,019 2,390 2,737 Unit 2 Bed Apt/ Townhouse/ 2023-Q4 2,740 6,517 2,780 5,650 2,737 4,345 Unit 2 Bed House 2023-Q4 3,476 4,780 2,933 5,650 3,019 3,910 3 Bed House 2023-Q4 3,910 8,234 3,476 7,822 3,563 4,345 Property 2023-Q4 NZ does not publish vacancy rates Supply Data source: https://www.tenancy.govt.nz/rent-bond-and-bills/market-rent