Rents have increased across Auckland. Market rent is a useful guide for landlords when they’re deciding what the rent will be.
This week we take a look at Auckland – Parnell.
The Honorable Sir John Key owns a house in Parnell. Parnell is considered an up market suburb and is becoming trendy again.
There are 2 main types of properties in Parnell – apartments and houses. Apartments generally rent for cheaper because they are smaller and have no backyard when compared to a house.
Apartments for rent are mainly 1 bedroom apartments and 2 bedroom apartments and the rent can be as low as $437 per week for 1-bedroom to as high as $888 per week for 3-bedroom.
Houses start at $577 per week for 2 bedroom houses and can be as expensive at $1400 per week for a 4 bedroom house.
The median rent is the number to look at. For a typical 3 bedroom house, the median rent is $825 per week. This is what you can expect to pay if you rent a 3 bedroom house in Parnell.