Auckland Suburb · Rental Yield

Grey Lynn North Rental Yield 2026

Grey Lynn North is one of Auckland's most sought-after inner-west neighbourhoods, attracting professional renters and young families drawn to its village character and proximity to the CBD. With a median weekly rent of $780 and indicative gross yields ranging from 3.7% to 5.3%, it offers investors a blend of reliable tenant demand and capital-growth credentials.

Analyse a Grey Lynn North property

Median rent by bedroom

Grey Lynn North weekly rents

Median weekly rent in Grey Lynn North from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.

1 Bedroom

$600/wk

2 Bedroom

$733/wk

Indicative gross yield range of 3.7%–5.3% uses the rent against the Auckland median sale price of $1,000,000. Net yield is lower after rates, insurance, management and maintenance.

Suburb demographics

Who rents in Grey Lynn North?

From the Stats NZ 2023 Census. Rental demand indicators that shape tenant pool and vacancy.

Median Rent

$780/wk

Rent Range

$715–$1020

Renters

37%

Median Income

$175,200

Median Age

37 yrs

Population

2,913

Investor guide

Investing in Grey Lynn North

Who Rents in Grey Lynn North?

Grey Lynn North appeals to a well-educated, professionally employed renter base, reflected in the suburb's median household income of $175,200 — well above wider Auckland averages. With a median age of 37 and 37% of households renting, the tenant pool skews toward dual-income couples and young professionals who value walkability, café culture, and quick access to the city centre.

The suburb's relatively modest renter proportion of 37% means owner-occupiers set the tone for streetscape upkeep and community stability — a positive signal for landlords seeking quality long-term tenants. Competition for well-presented rentals is typically strong, helping to keep vacancy periods short.

Yields and Cash Flow

At a median weekly rent of $780, gross rental income sits at approximately $40,560 per annum before costs. Against the Auckland median price of $1,000,000, indicative gross yields range from 3.7% to 5.3%, with the spread reflecting the variation between entry-level one-bedroom apartments at $600 per week and larger or premium dwellings reaching the upper quartile of $1,020 per week.

A two-bedroom property achieving the median of $733 per week sits toward the lower end of the yield band, underscoring that Grey Lynn North is primarily a capital-growth market. Investors relying on cash flow from day one should stress-test their numbers carefully against mortgage rates, body corporate levies where applicable, and insurance costs.

Investor Snapshot

Is Grey Lynn North a good place to invest?

Grey Lynn North presents a compelling case for investors prioritising tenant quality and long-term capital appreciation over high running yields. The suburb's high median household income of $175,200, tight inner-city location, and established character housing stock underpin consistent demand, while the rent range of $715 to $1,020 per week demonstrates meaningful upside for well-positioned properties. However, with indicative gross yields starting at 3.7%, the numbers require careful structuring at current price levels.

As Auckland's housing supply evolves and interest rates fluctuate, Grey Lynn North's inner-west position and professional demographic should continue to support both rental demand and long-term value growth.

Pros

High-income tenant base with a median household income of $175,200, reducing arrears risk
Median weekly rent of $780 with upper-quartile properties achieving $1,020 per week
Strong owner-occupier presence in a suburb of only 2,913 residents keeps the neighbourhood well-maintained

Cons

Indicative gross yields from 3.7% mean cash-flow neutrality is a challenge at the Auckland median price of $1,000,000
Only 37% of households rent, limiting the pool of available rental stock and making acquisitions competitive
Entry prices at the Auckland median leave limited margin for error if interest rates rise or rents soften

FAQ

Grey Lynn North rental yield — common questions

What is the median rent in Grey Lynn North?

The median weekly rent across all property types in Grey Lynn North is $780 per week. Rents span a lower quartile of $715 per week up to an upper quartile of $1,020 per week, reflecting the range from smaller apartments to larger character homes.

What rental yield can I expect from a Grey Lynn North investment property?

Based on the Auckland median price of $1,000,000, indicative gross yields in Grey Lynn North range from 3.7% to 5.3%. The yield you achieve will depend on the purchase price, property type, and the rent you can secure — one-bedroom properties currently rent at a median of $600 per week, while two-bedroom properties achieve a median of $733 per week.

What type of tenants does Grey Lynn North attract?

Grey Lynn North attracts predominantly professional renters and couples, consistent with the suburb's median age of 37 and high median household income of $175,200. The inner-city location and vibrant local amenity make it particularly appealing to working professionals seeking lifestyle as much as accommodation.

What proportion of Grey Lynn North residents are renters?

Approximately 37% of households in Grey Lynn North rent their home, meaning the majority of residents are owner-occupiers. While this limits the volume of rental stock available, it also signals a stable, well-maintained neighbourhood environment that tends to attract and retain quality tenants.

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