Onehunga North is an established inner-Auckland suburb with a strong rental base, where 52% of households are renters and median weekly rent sits at $643. Indicative gross yields of 3%–4.1% reflect the suburb's proximity to central Auckland amenities and its appeal to a diverse tenant pool.
Analyse a Onehunga North propertyMedian weekly rent in Onehunga North from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 3%–4.1% 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 52% of households renting, Onehunga North has a deeply embedded rental culture that provides investors with a consistent and broad pool of prospective tenants. The suburb's median age of 37 and median household income of $112,400 suggest a working-age, professionally employed demographic — tenants who typically value stability and are capable of sustaining mid-market rents.
The suburb's rent range spans $578 to $790 per week across the lower to upper quartile, indicating meaningful variety in the quality and size of rental stock available. Notably, one-bedroom properties command a median of $790 per week, suggesting strong demand for compact, lower-maintenance dwellings that suit singles and couples seeking convenience.
Indicative gross yields in Onehunga North sit between 3% and 4.1%, benchmarked against the Auckland median price of $1,000,000. At a median weekly rent of $643, investors are looking at solid income relative to Auckland norms, though yield compression remains a reality in this part of the city given land values.
Two-bedroom properties return a median of $585 per week while three-bedroom dwellings achieve $693 per week, so investors should model carefully by bedroom count when assessing purchase price against likely rental income. Factor in property management fees, insurance, rates, and maintenance to arrive at a realistic net yield before committing.
Onehunga North offers a compelling mix of high renter occupancy (52% of households), a relatively high median household income of $112,400, and a median weekly rent of $643 — all indicators that tenant demand is underpinned by genuine economic capacity. Gross yields of 3%–4.1% are in line with what investors can expect across inner Auckland, meaning capital growth expectations rather than yield alone are likely to drive long-term returns.
With a population of 3,771 and a median age of 37, the suburb sits in a stable phase of demographic maturity, which may support steady rental demand and limit vacancy risk for well-presented properties.
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