Property Prices in New Zealand

Index
Price to Income Ratio:	7.76
Mortgage as Percentage of Income:	56.89%
Loan Affordability Index:	1.76
Price to Rent Ratio - City Centre:	21.37
Price to Rent Ratio - Outside of Centre:	19.77
Gross Rental Yield (City Centre):	4.68%
Gross Rental Yield (Outside of Centre):	5.06%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	1,605.80 NZ$	1,100.00-2,400.00
Apartment (1 bedroom) Outside of Centre	1,254.37 NZ$	700.00-2,000.00
Apartment (3 bedrooms) in City Centre	2,619.59 NZ$	1,690.00-4,000.00
Apartment (3 bedrooms) Outside of Centre	2,120.58 NZ$	1,500.00-3,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	666.31 NZ$	325.16-1,254.18
Price per Square Feet to Buy Apartment Outside of Centre	488.80 NZ$	278.71-929.02
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	4,005.05 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.09	2.60-5.40

These data are based on 1124 entries in the past 18 months from 175 different contributors.
Last update: June 2021
Our data for each country are based on all entries from all cities in that country.

Sources and References

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Sources and References:

• Reserve Bank of Nz - Mortgage Rate

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By City in New Zealand