Grange is a compact Auckland suburb where 64% of households rent, reflecting strong and consistent tenant demand across its residential streets. With a median weekly rent of $610 and indicative gross yields ranging from 2.6% to 3.6%, it sits within the typical Auckland investment landscape where capital growth has historically driven total returns.
Analyse a Grange propertyMedian weekly rent in Grange from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 2.6%–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.
Grange's rental market is characterised by a majority-renter population — 64% of households — which points to a steady pool of tenants and relatively low vacancy risk for well-presented properties. The suburb's median age of 37 and median household income of $107,400 suggest a working professional and family demographic that values quality rental accommodation and tends toward longer tenancies.
Weekly rents across all property types have a lower-to-upper quartile range of $498 to $696, giving investors a realistic picture of what the market will bear. Three-bedroom properties, a popular configuration for families, achieve a median of $508 per week — a useful benchmark when assessing purchase prices or comparing stock within the suburb.
Based on the Auckland median price of $1,000,000, indicative gross yields in Grange sit between 2.6% and 3.6%. These figures are broadly in line with much of urban Auckland, where strong capital appreciation over time has kept yields compressed. Investors targeting positive cash flow from day one may find conditions tight at current price levels, making purchase price negotiation and property selection critical.
As with all Auckland investments, it is important to stress-test your numbers against mortgage rates, rates, insurance, and maintenance costs, as net yields will be meaningfully lower than the gross figures quoted. Investors should also consider the upper end of the rent range — properties achieving closer to $696 per week — to understand what premium specification or configuration commands in this suburb.
Grange presents a credible residential investment case underpinned by strong tenant demand — with 64% of households renting — and a relatively affluent demographic earning a median household income of $107,400. The trade-off, familiar across Auckland, is that yields of 2.6%–3.6% leave limited cash-flow buffer, meaning investors need to be comfortable relying in part on medium-to-long-term capital growth to drive total returns.
With a population of 2,427 and a median age of 37, the suburb has the demographic profile to sustain rental demand, and its position within the Auckland market means it is likely to benefit from the city's broader infrastructure investment and housing pressures over time.
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