Barfoot & Thompson says average rents in Auckland up 5% on a year ago but vacancy rates just 1% in spite of a rush of new stock

Auckland landlords, is the average rent being charged in Auckland for a 3 bedroom house $520?

That seems very low doesn't it?
Are there really a lot of 3 beds well,under 520 per week up,there?

Surely that $520 per week average is wrong.
By the time you take off the Barfoots management fee, rates, insurance and the interest there would be a huge loss on all rentals in Auckland bought in the last couple of years at that rental amount.
I do know that many management company's dont try that hard to obtain as much as they can charge for property that they rent.
I have seen many rental assessments from company's that are grossly under quoted.

Zachary, don't know why then that people in Auckland are moaning about the housing situation when you can rent a home in Auckland for a fraction of currently owning.
The extra money saved they can invest in Gordon's shares.
Christchurch home prices are half the cost of Auckland and yet we are getting pretty close to the average Auckland rent and no management fees, for 3 bedroom homes.

RE agents certainly are not professionals. They do a five minute poxy course and then go out and work on commission for themselves primarily, their principals secondary. You work full time as a landlord but you cannot call yourself a professional. You are a landlord who happens to rate himself but you are not a professional. Anyone can be a residential landlord but none of them are professional. You delude yourself the boy. You are down there with politicians who also are not professionals.

'They do a five minute poxy course and then go out and work on commission for themselves primarily, their principals secondary'

You are quite misinformed.

During my 30 years in practice I dealt with them many times a week. I would love a dollar for the times I heard them say" The purchaser will get this property for that price. " And the vendor contracts with them and pays them. Generally failures in other attempts to work who can earn more than surgeons. You give them a key, they say nice things about your home, give you back the key and charge you ten, twenty thirty thousand. How stupid we are to pay it.

And that makes them a professional the boy. No wonder you think you are one. What did you fail in to make you want to be a landlord.

Gordon, I failed in being a loser!!!!!!!
This site is meant to help people make financial decisions, but all you do is knock everything.

The Boy you are a full time landlord because you are not a professional. You admit you have no professional qualifications and that is why you became a landlord, an income earning activity that anyone can do. Professionals if they are good at their occupation have surplus income to put into commercial real estate and equities where the real money is made.