Property Prices in New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 9.19 |
| Mortgage as Percentage of Income: | 84.64% |
| Loan Affordability Index: | 1.18 |
| Price to Rent Ratio - City Centre: | 26.70 |
| Price to Rent Ratio - Outside of Centre: | 27.19 |
| Gross Rental Yield (City Centre): | 3.74% |
| Gross Rental Yield (Outside of Centre): | 3.68% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,828.87 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,526.02 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 2,960.70 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,461.24 NZ$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 945.06 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 801.57 NZ$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 5,114.69 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.87 |
These data are based on 1226 entries in the past 18 months from 208 different contributors.
Last update: May 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
By City in New Zealand
Rank |
City |
Price To Income Ratio |
Gross Rental Yield City Centre |
Gross Rental Yield Outside of Centre |
Price To Rent Ratio City Centre |
Price To Rent Ratio Outside Of City Centre |
Mortgage As A Percentage Of Income |
Affordability Index |
|---|---|---|---|---|---|---|---|---|
| Auckland | 11.0 | 3.4 | 3.2 | 29.6 | 31.4 | 100.7 | 1.0 | |
| Christchurch | 4.3 | 8.0 | 8.3 | 12.5 | 12.1 | 39.8 | 2.5 | |
| Dunedin | 4.0 | 5.5 | 7.8 | 18.0 | 12.8 | 37.1 | 2.7 | |
| Hamilton | 8.5 | 4.2 | 4.2 | 23.8 | 23.7 | 77.4 | 1.3 | |
| Palmerston North | 4.9 | 5.6 | 4.4 | 17.8 | 22.8 | 45.1 | 2.2 | |
| Tauranga | 5.9 | 4.7 | 8.7 | 21.5 | 11.5 | 53.6 | 1.9 | |
| Wellington | 14.2 | 4.1 | 4.1 | 24.2 | 24.1 | 131.8 | 0.8 |
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