Mount Wellington South East is a predominantly renter-occupied suburb on Auckland's eastern fringe, with 69% of households renting and a median weekly rent of $565. Investors can expect indicative gross yields in the 2.7%–3.2% range based on the Auckland median price of $1,000,000.
Analyse a Mount Wellington South East propertyMedian weekly rent in Mount Wellington South East from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 2.7%–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.
With 69% of households renting, Mount Wellington South East is firmly a tenant-dominated suburb, offering landlords a deep and consistent pool of prospective renters. The suburb's median age of 37 points to a working-age population, and a median household income of $92,100 suggests tenants with reasonable capacity to meet market rents. Demand is supported by the area's access to major arterial routes, industrial employment hubs, and proximity to central Auckland.
The rental market here spans a variety of dwelling types, with 2-bedroom properties commanding a median of $545 per week and the broader market sitting at $565 per week across all property types. The lower-to-upper quartile rent range of $518–$621 per week indicates relatively stable pricing with limited volatility at either end of the market, which can give investors confidence in rental income forecasting.
At an indicative gross yield of 2.7%–3.2%, Mount Wellington South East sits within the typical range for Auckland suburban property, reflecting the city's high entry prices relative to rents. With the Auckland median price benchmark of $1,000,000, investors need to weigh rental income of approximately $565 per week against mortgage servicing costs, rates, insurance, and property management fees before arriving at a net yield.
Cash-flow-positive outcomes at current prices will be challenging for most buyers relying on standard financing, making this a suburb where capital growth expectations and long-term hold strategies are likely to underpin investment decisions. Careful due diligence on purchase price relative to the Auckland median is essential, as properties acquired above the $1,000,000 benchmark will compress yields further below the 2.7% lower bound.
Mount Wellington South East presents a compelling rental-demand story: nearly seven in ten households rent, the population skews toward working-age residents with a median age of 37, and household incomes of $92,100 underpin the ability to sustain rents around $565 per week. However, the indicative gross yield range of 2.7%–3.2% reflects Auckland's challenging price-to-rent ratio, meaning investors should enter with realistic cash-flow expectations and a clear capital growth thesis.
The suburb's relatively small population of 3,129 means the rental market can be influenced by localised supply changes, so monitoring new development activity in the area is worthwhile for investors planning a medium-to-long-term hold.
Run your own numbers on any listing using PropertyMetrics NZ's yield and cash-flow calculator — built specifically for New Zealand investors.
Analyse a property free