Albany South is an established northern Auckland suburb with a strong household income base and a median weekly rent of $820, making it a credible option for buy-and-hold investors. Indicative gross yields sit in the 2.9%–4.9% range, reflecting both the suburb's quality rental demand and Auckland's elevated entry-level prices.
Analyse a Albany South propertyMedian weekly rent in Albany South from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 2.9%–4.9% uses the rent against the Auckland median sale price of $1,000,000. Net yield is lower after rates, insurance, management and maintenance.
From the Stats NZ 2023 Census. Rental demand indicators that shape tenant pool and vacancy.
Albany South attracts a relatively affluent renter cohort, consistent with its median household income of $106,000 — well above typical Auckland suburban averages. With 38% of households renting and a median age of 37, the tenant pool skews toward established professionals and dual-income families who value proximity to the motorway network, business parks, and the retail and commercial amenities that the wider Albany corridor offers.
The suburb's population of 3,375 keeps it a tightly held community, which tends to support rental stability and lower vacancy risk. Rents range from $563 at the lower quartile to $950 at the upper quartile each week, reflecting a genuine mix of property sizes and quality — giving investors options at different price points within the same suburb.
Based on the Auckland median price of $1,000,000, indicative gross yields for Albany South land between 2.9% and 4.9% per annum. At the median weekly rent of $820, gross annual rental income sits around $42,640 — meaning investors need to factor in mortgage costs, rates, insurance, and maintenance carefully to assess net cash flow. Properties achieving rents toward the upper quartile of $950 per week are best positioned to push yields toward the top of that range.
The one-bedroom and two-bedroom median rents tell an interesting story: one-bedroom dwellings return a median of $820 per week while two-bedroom properties return $565 per week, suggesting the available one-bedroom stock may be premium or purpose-built product commanding outsized rents relative to purchase price. Investors should scrutinise individual property type, build quality, and body corporate obligations where applicable before drawing yield conclusions.
Albany South offers a compelling combination of high-income tenants, a 38% renter base, and a median weekly rent of $820 — all positive signals for landlords seeking quality, reliable tenancy. However, with indicative gross yields ranging from just 2.9% to 4.9% against an Auckland median price of $1,000,000, investors relying heavily on rental income alone may find cash flow tight, particularly at current interest rates.
Long-term capital growth prospects for well-located northern Auckland suburbs remain a key part of the investment thesis, but buyers should stress-test their numbers against the lower end of the yield range before committing.
Use PropertyMetrics NZ to run instant yield, cash-flow, and rental estimates on any Albany South address — so you can invest with confidence.
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