Mount Eden South is one of Auckland's most sought-after inner-city neighbourhoods, attracting high-income professional renters and delivering a median weekly rent of $755. Indicative gross yields range from 3.1% to 5.3%, reflecting the suburb's premium positioning and strong, consistent tenant demand.
Analyse a Mount Eden South propertyMedian weekly rent in Mount Eden South from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 3.1%–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.
From the Stats NZ 2023 Census. Rental demand indicators that shape tenant pool and vacancy.
Mount Eden South draws a well-established renter cohort, with 35% of households renting and a median age of just 37 — a profile typical of working professionals and young couples who value walkability, character housing, and proximity to Auckland's CBD. The suburb's median household income of $156,300 sits well above the Auckland average, which translates to tenants who can comfortably sustain rents across the $591–$1,015 per week range.
Two-bedroom properties rent for a median of $543 per week, making them accessible to couples and flatmates alike, while three-bedroom homes command $748 per week — appealing to families or professional flatting groups seeking more space without leaving the inner suburbs. This spread gives investors flexibility in what stock they target.
Based on the Auckland median price of $1,000,000, indicative gross yields in Mount Eden South sit between 3.1% and 5.3%. At the lower end of that range, investors will need to weigh mortgage servicing costs carefully, particularly in a higher interest-rate environment, though the suburb's strong median rent of $755 per week provides meaningful weekly cash flow relative to many comparable Auckland locations.
The upper quartile rent of $1,015 per week signals genuine premium rental demand for larger or higher-quality dwellings, which can shift gross yields closer to the 5% mark for well-positioned stock. Investors should stress-test returns against vacancy periods and maintenance costs on the older villa and bungalow character homes common to the area.
Mount Eden South offers investors the relative security of a high-income, stable tenant base — a median household income of $156,300 and a population of 3,702 across a compact suburb means demand for quality rental stock remains firm. However, entry prices anchored to the Auckland median of $1,000,000 mean gross yields of 3.1%–5.3% require a longer-term capital-growth thesis to complement rental income.
For investors who can hold through market cycles, Mount Eden South's enduring appeal to professional renters and its inner-Auckland location position it as a lower-risk, lower-yield proposition with strong long-term fundamentals.
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