Panmure Glen Innes Industrial is a compact, predominantly renter-occupied pocket of Auckland where 89% of households rent rather than own. With a median weekly rent of $390 and indicative gross yields in the 2%–2.3% range, this area is a niche consideration for investors focused on the inner-east Auckland industrial corridor.
Analyse a Panmure Glen Innes Industrial propertyMedian weekly rent in Panmure Glen Innes Industrial from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 2%–2.3% 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.
With 89% of households renting, Panmure Glen Innes Industrial has an extraordinarily high renter concentration — well above Auckland norms — pointing to a market dominated by tenants rather than owner-occupiers. The suburb's small population of 264 and a median age of 37 suggest a working-age demographic, likely drawn by proximity to employment hubs and transport links across the inner-east Auckland industrial zone.
The rent range sits in a relatively tight band between $390 and $440 per week across the lower to upper quartile, indicating limited variation in the dwelling stock available for rent. The recorded median rent by bedroom is $390 per week for one-bedroom properties, reflecting the compact, functional nature of housing in this commercially influenced precinct.
Indicative gross yields for Panmure Glen Innes Industrial fall in the 2%–2.3% range, calculated against the Auckland median price of $1,000,000. These yields sit at the lower end of what most residential investors would consider acceptable, meaning cash-flow cover of mortgage and holding costs will require careful modelling before committing to a purchase.
Investors should factor in that gross yield figures do not account for rates, insurance, property management fees, or maintenance — net yields will be materially lower. Given the suburb's median household income of $82,900 and its industrial character, prospective buyers should also assess the long-term residential demand and any zoning considerations that may affect both tenancy continuity and capital growth prospects.
Panmure Glen Innes Industrial presents a mixed picture for residential property investors. The near-universal renter base of 89% of households confirms sustained rental demand within this small community, and a median household income of $82,900 suggests tenants have reasonable capacity to meet rental obligations. However, indicative gross yields of only 2%–2.3% against an Auckland median price of $1,000,000 mean the numbers are challenging for yield-focused investors in today's financing environment.
Investors with a longer time horizon and a focus on the broader Panmure–Glen Innes corridor's urban development trajectory may find strategic value here, though thorough due diligence on zoning, tenancy demand, and comparable sales is essential given the suburb's small and specialised nature.
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