Ellerslie South is a well-established Auckland suburb with a median weekly rent of $680 and a renter household share of 45%, signalling consistent tenant demand. Indicative gross yields sit in the 3%–3.9% range, in line with the broader Auckland market where entry prices are competitive.
Analyse a Ellerslie South propertyMedian weekly rent in Ellerslie South from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 3%–3.9% 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.
Ellerslie South attracts a relatively affluent and established renting population, reflected in a median household income of $133,800 — well above the national average. With a median age of 37, the suburb tends to draw working professionals and small families who value proximity to central Auckland employment corridors and local amenities.
Roughly 45% of households are renters, providing landlords with a solid and recurring pool of prospective tenants. The rent range across the lower to upper quartile spans $570 to $758 per week, suggesting meaningful variation by property type and condition — well-presented properties can command rents toward the upper end of that band.
Based on the Auckland median price of $1,000,000, indicative gross yields for Ellerslie South sit between 3% and 3.9%. A median weekly rent of $680 translates to approximately $35,360 in annual gross rental income on a typical property, so investors should stress-test their figures carefully against mortgage servicing costs and operating expenses.
Bedroom mix matters significantly here: 3-bed properties achieve a median of $750 per week, while 2-bed properties sit at $560 per week — a $190 weekly gap that has material implications for yield at comparable purchase prices. Investors should assess whether the premium for a larger dwelling stacks up in the context of local comparable sales.
Ellerslie South presents a stable, middle-market Auckland investment proposition underpinned by strong household incomes of $133,800 and a sizeable renter base of 45%. Yields of 3%–3.9% are modest by national standards, but the suburb's demographic profile — median age 37, professional renters — supports reliable tenancy and lower vacancy risk.
With Auckland's property market subject to ongoing affordability constraints, rental demand in well-located suburbs like Ellerslie South is likely to remain resilient, though capital growth expectations should be tempered against a $1,000,000 median entry point.
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