Red Hill is an established Auckland suburb where renters make up 51% of households, underpinning a steady demand for quality rental stock. Indicative gross yields sit in the 3%–3.8% range, with a median weekly rent of $635, reflecting the suburb's position within Auckland's broader property market.
Analyse a Red Hill propertyMedian weekly rent in Red Hill from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 3%–3.8% 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 51% of households renting, Red Hill has a majority-renter profile that is relatively uncommon across Auckland and signals consistent occupier demand. The suburb's median age of 37 and median household income of $94,100 suggest a working-age, moderately affluent tenant base — the kind of renters who prioritise quality and stability over chasing the cheapest option.
Weekly rents span a lower quartile of $580 to an upper quartile of $733, giving landlords a reasonably broad pricing band to position their property within. Notably, one-bedroom dwellings are commanding a median of $650 per week — above the overall median of $635 — which points to solid demand for compact, lower-maintenance rentals in this location.
Based on the Auckland median price of $1,000,000, Red Hill's indicative gross yield range sits at 3%–3.8%. At the median weekly rent of $635, investors are working with an annualised gross rent of approximately $33,020 before operating costs and financing, so careful cash-flow modelling is essential before committing to a purchase.
Auckland's high entry prices mean that net yields after rates, insurance, maintenance, and property management fees will compress meaningfully below the gross figure. Investors should stress-test their numbers against prevailing mortgage rates and factor in potential vacancy periods, even in a suburb with a strong renter majority like Red Hill.
Red Hill presents a compelling renter-demand story: more than half of all households are renters, the median household income of $94,100 suggests tenants with reasonable financial capacity, and the suburb's population of 2,655 keeps it intimate without being illiquid. The trade-off is that, like much of Auckland, gross yields of 3%–3.8% leave limited margin for error once all holding costs are accounted for.
For investors focused on long-term capital growth alongside a reliable rental income stream, Red Hill's established character and majority-renter demographic offer a stable foundation — provided purchase prices are negotiated carefully relative to rental income.
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