Ellerslie East is an established Auckland suburb with a stable rental base, where median weekly rents sit at $590 and 39% of households are renters. Indicative gross yields range from 2.8% to 3.6%, reflecting the suburb's position within Auckland's competitive inner-ring property market.
Analyse a Ellerslie East propertyMedian weekly rent in Ellerslie East from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 2.8%–3.6% 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.
Ellerslie East attracts a relatively affluent and working-age rental population, with a median household income of $133,700 and a median age of 37. The suburb's proximity to central Auckland, good transport links, and established amenities make it appealing to professionals and small families who prefer renting in a well-serviced neighbourhood.
With 39% of households renting across a total population of 3,108, the suburb maintains a meaningful tenant pool that supports consistent demand. Two-bedroom properties are particularly well represented in the rental mix, with a median rent of $590 per week, while one-bedroom dwellings attract a median of $510 per week.
Based on the Auckland median price of $1,000,000, Ellerslie East's indicative gross yield range of 2.8% to 3.6% is modest by national standards, reflecting the premium attached to well-located Auckland suburbs. Investors should stress-test cash flow carefully against mortgage rates, as gross yields at the lower end of this range leave limited buffer.
The rent range of $545 to $695 per week across the lower to upper quartile indicates some spread in property quality and size, giving investors scope to target higher-yielding stock through value-add strategies. Landlord expenses including rates, insurance, and maintenance will reduce net returns below the gross yield figures quoted here.
Ellerslie East offers the defensive characteristics of an established Auckland suburb — a high median household income of $133,700, a working-age median of 37, and steady rental demand from a professional tenant base. However, with indicative gross yields of only 2.8% to 3.6%, the suburb is more likely to suit investors prioritising capital preservation and tenant quality over immediate cash-flow performance.
As Auckland's housing market matures, well-located inner suburbs like Ellerslie East tend to benefit from infrastructure investment and transport improvements, which may support long-term capital growth alongside the current rental income.
Run the numbers on any Ellerslie East listing using PropertyMetrics NZ's investor tools — compare rents, model yields, and make data-driven decisions with confidence.
Analyse a property free