Remuera Waitaramoa is one of Auckland's most prestigious residential pockets, attracting high-income renters and commanding a median weekly rent of $1,225. With indicative gross yields ranging from 4.5% to 7.2%, the suburb offers investors a compelling blend of quality tenancy demand and meaningful income potential.
Analyse a Remuera Waitaramoa propertyMedian weekly rent in Remuera Waitaramoa from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 4.5%–7.2% 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.
Remuera Waitaramoa draws an affluent, established renter base, consistent with a suburb where median household income sits at $171,400 and the median age is 37. Renters make up 25% of households — a relatively modest share that reflects the area's strong owner-occupier culture, but those who do rent are typically high-earning professionals and families seeking quality housing in a prestigious Auckland address.
The suburb's character — leafy streets, proximity to quality amenities, and easy access to the Auckland CBD — underpins sustained rental demand. Weekly rents span a broad range, from $859 at the lower quartile to $1,380 at the upper quartile, reflecting the diversity of dwelling types on offer, from apartments through to large family homes.
Based on the Auckland median price of $1,000,000, indicative gross yields in Remuera Waitaramoa range from 4.5% to 7.2% — a spread that reflects the variation in purchase prices and the strength of rents achievable across different property types. A median weekly rent of $1,225 translates to meaningful gross income, particularly for investors who can secure stock at or below the city median price.
Investors should account for the typical costs that compress gross yields: property management fees, insurance, rates, and maintenance on older prestige-area housing stock can be higher than average. Careful due diligence on the condition of any property is essential to protect net returns, and buyers should stress-test cash flow against the lower end of the rent range — $859 per week — to understand downside scenarios.
Remuera Waitaramoa presents a strong case for investors who prioritise tenant quality and rental stability over high yields alone. The suburb's median household income of $171,400 and median rent of $1,225 per week signal a renter cohort that is financially resilient, reducing the risk of arrears or vacancy. The relatively low renter proportion — 25% of households — means available rentals are keenly sought when they come to market.
With a small, established population of 3,828 and limited development land, rental supply is unlikely to surge, supporting rental values over the medium term.
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