Mount Eden North is an established inner-Auckland suburb where 58% of households rent, underpinning steady tenant demand for quality properties. Indicative gross yields sit between 2.4% and 3.2%, reflecting the premium values typical of this sought-after city-fringe location.
Analyse a Mount Eden North propertyMedian weekly rent in Mount Eden North from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 2.4%–3.2% 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.
Mount Eden North attracts a relatively affluent renting cohort, with a median household income of $100,800 and a median age of 37 — a profile consistent with working professionals, couples, and small families who value proximity to Auckland's CBD and the suburb's well-established character. With 58% of the suburb's roughly 3,180 residents living in rental accommodation, landlords benefit from a broad and active tenant pool.
The rental market here skews towards one- and two-bedroom dwellings, with one-bedroom properties achieving a median rent of $468 per week and two-bedroom properties reaching $580 per week. The overall median weekly rent across all property types sits at $520, with the middle 50% of rentals transacting between $465 and $610 per week, indicating meaningful variance depending on property size, condition, and exact location within the suburb.
Based on the Auckland median price of $1,000,000, indicative gross yields in Mount Eden North range from 2.4% to 3.2%. These figures are at the lower end of the national spectrum, which is characteristic of inner-city Auckland suburbs where capital growth expectations are traditionally baked into purchase prices. Investors should model carefully to ensure rental income covers mortgage servicing, rates, insurance, and maintenance at current interest rates.
A gross yield is a starting point, not a cash-flow guarantee — net yields after expenses will be meaningfully lower than the 2.4%–3.2% indicative range. Buyers should scrutinise body corporate fees on apartments, insurance costs given Auckland's weather exposure, and vacancy risk, which is generally low given the suburb's strong renter demand but should still be stress-tested in any investment model.
Mount Eden North offers investors a compelling tenant profile — a median household income of $100,800 and a median age of 37 suggest financially stable renters who are likely to maintain properties well and sustain consistent rent payments. The suburb's 58% renter proportion means vacancy is typically modest, and median rents of $520 per week provide a reasonable income base against Auckland property values.
The primary challenge is yield compression: at 2.4%–3.2% gross, investors are accepting lower immediate returns in exchange for the suburb's inner-Auckland land value and long-term demand fundamentals, making this a market better suited to those with a patient, capital-growth-oriented strategy.
Run the numbers on a specific address with PropertyMetrics NZ and see how any Mount Eden North listing stacks up against the suburb's $520/wk median rent and 2.4%–3.2% yield range.
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