Median weekly rent, six-year trend and rental yield for Millwater — built from 48 tenancy bonds lodged with Tenancy Services, across the 2 statistical areas that make up the suburb.
Every one of the 246 suburbs we track is a tick on this scale, placed by its median weekly rent. Millwater is the 13th most expensive of the 246 Auckland suburbs we track — pricier than 95% of them.
The median weekly rent in Millwater is $886, based on 48 new tenancy bonds lodged in Q1 2026. That is 42% above the Auckland-wide median of $622.
Over the past year the median has risen 7.4%, and it is up 13% on Q1 2020, when the median was $743.
Most new tenancies fall between $768 and $949 a week — the middle half of the market.
Millwater is the 13th most expensive of the 246 Auckland suburbs we track — pricier than 95% of them.
Median weekly rent on new tenancies, Q1 2020 to Q1 2026. Hover the chart to read any quarter.
| Quarter | Median weekly rent | New bonds |
|---|---|---|
| Q1 2020 | $743 | 51 |
| Q2 2020 | $762 | 33 |
| Q3 2020 | $740 | 66 |
| Q4 2020 | $772 | 57 |
| Q1 2021 | $787 | 33 |
| Q2 2021 | $797 | 48 |
| Q3 2021 | $784 | 30 |
| Q4 2021 | $819 | 39 |
| Q1 2022 | $828 | 33 |
| Q2 2022 | $836 | 33 |
| Q3 2022 | $771 | 36 |
| Q4 2022 | $805 | 42 |
| Q1 2023 | $742 | 63 |
| Q2 2023 | $757 | 45 |
| Q3 2023 | $856 | 36 |
| Q4 2023 | $800 | 51 |
| Q1 2024 | $792 | 30 |
| Q2 2024 | $737 | 24 |
| Q3 2024 | $881 | 21 |
| Q4 2024 | $833 | 45 |
| Q1 2025 | $825 | 69 |
| Q2 2025 | $840 | 54 |
| Q3 2025 | $806 | 51 |
| Q4 2025 | $871 | 63 |
| Q1 2026 | $886 | 48 |
Q1 2026. Sizes with fewer than five bonds are withheld by Tenancy Services to protect tenants' privacy.
Pre-filled with the Millwater median rent. Enter a purchase price to see the gross yield.
Gross yield ignores rates, insurance, maintenance, management and vacancy. Net yield is typically 1–2 percentage points lower — the full calculator works both out.
The closest suburbs to Millwater, by distance between area centres.
| Suburb | Median weekly | Difference | Distance |
|---|---|---|---|
| Orewa | $726 | -$160 | 2.5 km |
| Red Beach | $780 | -$106 | 2.6 km |
| Silverdale | $788 | -$98 | 2.8 km |
| Stanmore Bay | $647 | -$239 | 6.1 km |
| Whangaparoa | $710 | -$176 | 6.5 km |
| Dairy Flat | $820 | -$66 | 7.3 km |
Rent tells you what a Millwater property earns today. Zoning tells you what it could become — a second dwelling on the same section changes the income on this page entirely.
Our companion tool PropertyScope reads Auckland Council's planning data for any Millwater address — the zone, how many dwellings are allowed, whether a 70m² granny flat qualifies, and any hazard overlays on the land. At the Millwater median of $886 a week, a second dwelling would add roughly $46,072 a year in gross rent.
Check Millwater zoning and development rules →Amit Sharma is an award-winning Auckland agent. Get a free, no-obligation appraisal of what your Millwater property would rent or sell for today — based on real local numbers, not a guess.
Request a free appraisalAreas included in Millwater: Millwater North · Millwater South. See how we combine them.