Leabank is a predominantly renter-occupied Auckland suburb where 68% of households rent, underpinning consistent tenant demand across property types. With a median weekly rent of $620 and indicative gross yields ranging from 2.9% to 3.6%, it sits within the typical range for Auckland residential investment.
Analyse a Leabank propertyMedian weekly rent in Leabank from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 2.9%–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.
Leabank's rental market is notably active, with 68% of households renting — well above the national average — suggesting strong and relatively stable tenant demand. The suburb's median age of 37 points to a working-age population, likely comprising young professionals, couples, and small families who value proximity to Auckland's urban amenities without committing to ownership.
The median household income of $85,700 indicates tenants with reasonable financial capacity, which supports the current rent levels across bedroom sizes: $520 per week for a one-bedroom, $565 for a two-bedroom, and $673 for a three-bedroom property. This income profile also suggests lower-than-average risk of rent arrears for landlords.
Based on the Auckland median price of $1,000,000, Leabank's indicative gross yield range sits between 2.9% and 3.6% — figures that reflect the compressed yield environment common across much of Auckland. Investors targeting stronger cash flow should look closely at acquisition price, as buying below the median can meaningfully shift returns toward the upper end of that yield range.
As with all Auckland investments, landlords should stress-test cash flow against mortgage servicing costs, rates, insurance, and property management fees, given that gross yields in the 2.9%–3.6% range leave limited margin before expenses. Monitoring the rent quartile range of $563 to $699 per week can help investors assess where a specific property is likely to sit relative to the suburb median.
Leabank presents a compelling tenant-demand story: with 68% of households renting and a population of 2,976, there is a solid base of renters actively seeking well-maintained properties. The median weekly rent of $620 and a median household income of $85,700 suggest a market where rents are broadly affordable relative to local incomes, reducing vacancy risk.
Investors seeking capital growth within Auckland's broader market may find Leabank worth monitoring, though the current indicative gross yield range of 2.9%–3.6% means cash-flow-positive outcomes will depend heavily on purchase price and financing structure.
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