Redcastle is an Auckland suburb where nearly half of all households are renters, underpinning consistent rental demand across the market. With a median weekly rent of $765 and an indicative gross yield range of 3.1%–4.3%, it sits within the mid-range of Auckland's investment landscape.
Analyse a Redcastle propertyMedian weekly rent in Redcastle from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 3.1%–4.3% 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.
Renters make up 48% of Redcastle households, pointing to a well-established private rental market rather than an owner-occupier-dominated suburb. The median age of 37 suggests a working-age population — likely a mix of professionals, couples, and small families who value access to Auckland's employment and amenity corridors. A median household income of $129,300 indicates tenants with relatively strong earning capacity, which can support rental stability and reduce arrears risk.
Two-bedroom properties are a notable segment of the rental mix, with a median rent of $613 per week for that configuration — sitting below the all-property median of $765, which reflects the weight of larger dwellings in the overall figures. Investors targeting entry-level price points may find two-bedroom stock offers a more accessible purchase price, though yields will depend on the specific acquisition cost relative to that rent level.
Based on the Auckland median price of $1,000,000, Redcastle's indicative gross yield range sits at 3.1%–4.3%. The lower quartile weekly rent of $599 and upper quartile of $824 illustrate meaningful variance across property types and conditions, so positioning within that range matters significantly for cash-flow outcomes. Investors who can acquire below the median price or secure rents toward the upper quartile will naturally achieve yields closer to the top of that range.
As with most Auckland suburbs, gross yield figures do not account for mortgage servicing, rates, insurance, maintenance, and property management fees — all of which compress net returns. Investors should stress-test cash flow at the lower end of the rent range ($599/wk) to ensure the investment remains serviceable during vacancy periods or softer rental conditions. Due diligence on the specific property's condition and consenting history is always advisable in established Auckland neighbourhoods.
Redcastle presents a reasonably active rental market, with 48% of households renting and a median weekly rent of $765 providing a solid income base relative to Auckland norms. The suburb's above-average household income of $129,300 and median age of 37 suggest a stable, financially capable tenant pool — factors that can reduce vacancy risk and support rent reviews over time. However, at Auckland's median price of $1,000,000, gross yields of 3.1%–4.3% are modest, meaning capital growth expectations will play an important role in total return calculations.
Investors with a medium-to-long-term horizon who prioritise tenant quality and low vacancy over immediate cash-flow may find Redcastle a compelling addition to an Auckland portfolio.
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