Between 2006 and 2013, the number of Auckland households who rented their home increased by 18.5%, from 130,227 in 2006 to 154,347 households in 2013.
The percentage of households who rented their home (ie paid rent) in Auckland was 35.4% in 2013. This was an increase from 32.4% in 2006.
One of the fastest growing urban areas
In 1991, the Auckland region urban area had a resident population totalling 878,223. By 2013, the region’s urban area resident population that totalled 1,308,825. This represents an increase in the urban population of around 430,000 people since 1991, which is the equivalent of adding the populations of Christchurch and Palmerston North to Auckland urban area. Auckland’s urban area experienced a growth rate of just under 50% between 1991 and 2013.
Auckland’s population is projected to continue to increase and could reach almost 2 million people by 2031 (sub national population projections, based on the 2006 Census). New population projections based on the 2013 Census are due to be released in February 2015 and are likely to vary from the projections presented here.
Population growth vs private dwellings in growth
At the time of the 2013 Census, there were 473,448 occupied dwellings in Auckland. Between 2006 and 2013, the number of occupied private dwellings in Auckland increased by 7.6% (up 33,432 dwellings) from 438,609 dwellings in 2006. Over the same period, the population of Auckland increased by 8.5% to 1,415,550 people (up 110,589
Median house price
Between 1992 and 2013, the Auckland stratified median house price increased by 147%, from $140,325 (an equivalent dollar value to $222,182 using CPI inflation of 58.3%) in 1992 to $548,750 in 2013.
Increase in rents not as sharp as house price increases
While overall rents have increased since 1993, they have not increased nearly as sharply as house prices. When the period between 1993 and 2012 is compared, house prices (unadjusted) increased by 258% in Auckland, compared with an increase of 123% for rents (unadjusted).
Source: Statistic NZ- Trends in housing from the Census of Population and Dwellings 1991 to 2013