Last updated on June 21st, 2023
best places to invest in auckland new zealand
Key Takeaways
• Auckland’s economic growth, great living conditions, and good rental returns have helped various hosts to go through a financially rewarding experience.
• Get to know the main advantages that real estate investors can look forward to when investing in rental properties in the Auckland Region.
• We feature the top 10 recommended areas for real estate investments around Auckland along with their respective Airbnb data.
Introduction
Also known as the City of Sailing, Auckland is an attractive city surrounded by harbors and bays located on the North Island of New Zealand. Auckland is a multicultural city that offers a plethora of attractions and great cultural, art, and culinary scenes that one should experience at least once in their lifetime.
Auckland not only offers impressive natural landscapes but also a business-friendly environment. The city is the leading economic region in New Zealand and the innovation hub in the Asia-Pacific region. Thanks to this, the city is a great place to invest in!
According to Airbnb, Auckland didn’t stop at catching travelers’ attention in 2022, but it also turned into a top trending global destination for 2023 international travel!
In this article, we talk about the best places to Airbnb in Auckland, New Zealand and what expectations to have for real estate investments here. Continue reading to learn more!
Why invest in Rental Properties in Auckland, NZ?
Auckland is an attractive market to invest in from the perspective of property investors if we consider that it offers a variety of promising benefits. Check out some of the major reasons why investment properties in Auckland are an excellent idea:
Stable economy
Auckland is the leading financial hub of New Zealand since it’s the major contributor to the country’s economy. The city is home to large multinational corporations and is the biggest employment center in the country.
Considering its healthy financial situation and strong labor market, Auckland also experiences steady demographic development. Thanks to this, investors can look forward to an attractive housing market that will remain strong in the years to come.
High standard of living
Aside from the healthy financial situation of Auckland, the great living condition is another reason for the population growth. The city holds 8th place in the Quality of Life Index by City 2023 in the Oceania region.
Auckland blends majestically its cosmopolitan atmosphere with breathtaking natural landscapes. The city ensures the quality of life of current and future generations with sustainable management of resources.
In Auckland, residents live in an inclusive and diverse environment. There’s also easy access to great employment opportunities, an excellent education system, free healthcare, and reliable public transport, which allows everyone to conveniently live in the city.
Plenty of things to do
Auckland has the charm that captures the heart of all those who visit the region. The City of Sailing offers one of the most extraordinary cultural, art, and culinary scenes with plenty of dining options, chic shopping centers, and art galleries. On top of that, Auckland also allows you to explore breathtaking natural wonders such as its pristine beaches, vineyards, rainforests, and islands.
But if there’s something that Auckland stands out for, it’s its eco-tourism offerings that open the doors to endless adventures. From hiking a volcanic cone to bungee jumping, skydiving, swimming with sharks, and walking through the Hunua Ranges, there’s a wide array of experiences to choose from!
Is Airbnb Profitable in Auckland?
Don’t fret! Airbtics confirms that investing in real estate in Auckland is highly profitable. Still, we must mention that the level of profitability also depends on other factors like the property type and location.
According to Airbtics’ data, an Airbnb host can expect annual revenue of $42,498 with a steady occupancy rate of 85% for operating a 2-bedroom property in Auckland. With 3,464 Airbnb listings and a seasonality of 49%, Auckland certainly is a catch to property investors!
Top 10 Rental Markets to Invest in Auckland, NZ
Auckland is the most populous city in New Zealand. It is divided into a variety of charming suburbs and bustling districts. Consequently, you can expect that the profitability of each suburb and district is different. So you may wonder, “What’s the best location for real estate investments in Auckland?”.
Check out the best areas in the Auckland region where you should consider investing in:
1. Ponsonby, Auckland
- Total Number of Airbnb Listings: 55
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $1,555,000
- Airbnb Annual revenue: $90,610
- Gross rental yield: 5.83%
2. Point Chevalier, Auckland
- Total Number of Airbnb Listings: 38
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $1,396,000
- Airbnb Annual revenue: $66,930
- Gross rental yield: 4.8%
3. Auckland CBD
- Total Number of Airbnb Listings: 875
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $1,130,000
- Airbnb Annual revenue: $51,846
- Gross rental yield: 8.66%
4. Parnell, Auckland
- Total Number of Airbnb Listings: 61
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $949,000
- Airbnb Annual revenue: $53,766
- Gross rental yield: 5.67%
5. Grey Lynn, Auckland
- Total Number of Airbnb Listings: 101
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $989,000
- Airbnb Annual revenue: $45,853
- Gross rental yield: 4.64%
6. Birkenhead, Auckland
- Total Number of Airbnb Listings: 52
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $938,000
- Airbnb Annual revenue: $44,130
- Gross rental yield: 4.71%
7. Oneroa
- Total Number of Airbnb Listings: 214
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $2,002,500
- Airbnb Annual revenue: $80,493
- Gross rental yield: 4.02%
8. Piha
- Total Number of Airbnb Listings: 74
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $1,398,000
- Airbnb Annual revenue: $69,078
- Gross rental yield: 4.94%
9. Onetangi
- Total Number of Airbnb Listings: 115
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $1,499,000
- Airbnb Annual revenue: $66,017
- Gross rental yield: 4.40%
10. Whangaparāoa
- Total Number of Airbnb Listings: 114
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $899,000
- Airbnb Annual revenue: $42,568
- Gross rental yield: 4.74%
Summary
The Auckland Region offers promising investment opportunities to real estate investors who are looking to achieve financial freedom. However, investors with a limited budget may want to consider other markets in New Zealand since the property price in Auckland is quite high.
Discovering the best areas to Airbnb in Auckland, New Zealand is an excellent way to start your investment journey! But you should aim further and take a look at Airbtics’ short-term rental calculator so that you can maximize your gains after making data-based decisions.
