Saint Marys Bay is one of Auckland's most prestigious inner-city neighbourhoods, attracting high-income renters and commanding a median weekly rent of $750. Indicative gross yields range from 2.6% to 6.7%, reflecting the suburb's premium property values and its appeal to a discerning rental market.
Analyse a Saint Marys Bay propertyMedian weekly rent in Saint Marys Bay from MBIE tenancy bond records (2025-12, 3-month period). Real lodged-bond data — not estimates.
Indicative gross yield range of 2.6%–6.7% 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.
Saint Marys Bay sits on the fringe of Auckland's CBD, offering harbour views, leafy streets, and a village-like atmosphere that draws professionals, couples, and executives who prefer renting at the upper end of the market. With 39% of households renting and a median household income of $149,300, this suburb attracts tenants with significant financial means and correspondingly high expectations around quality and presentation.
The weekly rent range of $500 to $1,295 illustrates the diversity within the suburb's rental stock — from compact one-bedroom apartments at a median of $498 per week through to spacious three-bedroom homes commanding $938 per week. Landlords here typically benefit from low vacancy risk, as the suburb's character and proximity to the waterfront and city centre underpin consistent tenant demand.
Against an Auckland median price of $1,000,000, the indicative gross yield range of 2.6% to 6.7% spans a wide band, reflecting the significant variation in property values across Saint Marys Bay. Investors acquiring character villas or larger homes at prices well above the city median should stress-test cash flow carefully, as gross yields at the lower end of that range leave limited buffer for rates, insurance, maintenance, and property management costs.
Those targeting smaller dwellings — such as one-bedroom units with a median rent of $498 per week — may find more favourable yield outcomes relative to purchase price, though stock in this category can be limited. As with any premium inner-city suburb, capital growth expectations have historically formed a significant part of the investment thesis, and prospective buyers should assess how much of their return depends on that assumption.
Saint Marys Bay offers a compelling combination of strong tenant quality and enduring amenity, supported by a median household income of $149,300 and a median age of 37 — a profile that aligns with stable, longer-term renters in the professional cohort. However, with property values typically running well above the Auckland median and gross yields potentially as low as 2.6%, investors must be clear-eyed about the balance between income return and anticipated capital appreciation.
For investors comfortable holding premium Auckland real estate over the long term, Saint Marys Bay's scarcity of stock, coastal setting, and proximity to the city centre provide a resilient foundation — though thorough due diligence on purchase price and financing costs remains essential.
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