Onehunga-Te Papapa Industrial is a compact, predominantly renter-occupied pocket of Auckland where 55% of households rent and median weekly rents sit at $620. Indicative gross yields range from 3.1% to 3.4%, reflecting the suburb's industrial and mixed-use character within the broader Auckland market.
Analyse a Onehunga-Te Papapa Industrial propertyMedian weekly rent in Onehunga-Te Papapa Industrial from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 3.1%–3.4% 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.
Onehunga-Te Papapa Industrial attracts a working-age renter base, with a median age of 37 and a household income of $94,800 — meaningfully above many comparable Auckland suburbs. With 55% of households renting, demand for residential accommodation in this mixed-use precinct remains consistent, largely driven by proximity to employment centres and transport links in the Onehunga area.
The suburb's relatively small population of 1,134 means the rental pool is tight and stock turnover can be limited. Two-bedroom dwellings are a key rental product here, commanding a median of $600 per week, which appeals to working couples and small households employed locally or commuting into the wider Auckland CBD.
Based on the Auckland median price of $1,000,000, indicative gross yields in Onehunga-Te Papapa Industrial range from 3.1% to 3.4% — modest by national standards but broadly in line with what investors should expect across Auckland's inner suburbs. The median weekly rent of $620 (with an interquartile range of $596–$649) suggests relatively stable and consistent rental income with limited volatility between properties.
Investors should stress-test cash flow carefully at these yield levels, particularly given current interest rate conditions. After accounting for rates, insurance, property management fees, and maintenance, net yields will compress noticeably below the gross figures, so a thorough due-diligence budget is essential before committing.
Onehunga-Te Papapa Industrial offers stable rental demand underpinned by a high renter proportion of 55% and a solid median household income of $94,800, suggesting tenants here are generally financially resilient. However, indicative gross yields of 3.1%–3.4% are modest, and with a median property price benchmarked at $1,000,000, significant capital is required for entry.
The suburb's mixed industrial character and small population of 1,134 may limit capital growth appeal compared to more established residential precincts, though its position within the Onehunga corridor could benefit from ongoing Auckland urban intensification.
Run the numbers on any Auckland address with PropertyMetrics NZ and see how it stacks up against the suburb's median rent of $620 per week and indicative yields of 3.1%–3.4%.
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