Property Prices in Dunedin, New Zealand

Index Info
Price to Income Ratio: 8.88
Mortgage as Percentage of Income: 84.86%
Loan Affordability Index: 1.18
Price to Rent Ratio - City Centre: 32.74
Price to Rent Ratio - Outside of Centre: 25.73
Gross Rental Yield (City Centre): 3.05%
Gross Rental Yield (Outside of Centre): 3.89%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,297.50 NZ$ 450.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,041.25 NZ$ 360.00-1,820.00
Apartment (3 bedrooms) in City Centre 2,744.33 NZ$ 2,166.00-3,400.00
Apartment (3 bedrooms) Outside of Centre 2,340.00 NZ$ 2,080.00-2,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 929.02 NZ$ 464.51-1,393.53
Price per Square Feet to Buy Apartment Outside of Centre 603.86 NZ$ 278.71-929.02
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,645.87 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.35 6.80-8.50

These data are based on 59 entries in the past 18 months from 11 different contributors.
Last update: April 2024

Sources and References
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