Property Prices in New Zealand

Index Info
Price to Income Ratio: 8.02
Mortgage as Percentage of Income: 60.20%
Loan Affordability Index: 1.66
Price to Rent Ratio - City Centre: 21.85
Price to Rent Ratio - Outside of Centre: 20.69
Gross Rental Yield (City Centre): 4.58%
Gross Rental Yield (Outside of Centre): 4.83%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 1,615.05 NZ$ 1,200.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,285.91 NZ$ 800.00-2,000.00
Apartment (3 bedrooms) in City Centre 2,674.37 NZ$ 1,700.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,124.34 NZ$ 1,500.00-3,000.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 689.52 NZ$ 325.16-1,207.73
Price per Square Feet to Buy Apartment Outside of Centre 519.23 NZ$ 278.71-929.02
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 4,058.10 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.37 3.00-5.60

These data are based on 1141 entries in the past 18 months from 179 different contributors.
Last update: November 2020
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 10.93 3.68 3.82 27.14 26.17 78.09 1.28
Christchurch 5.57 5.86 7.78 17.05 12.86 42.32 2.36
Dunedin 8.49 4.29 3.68 23.30 27.20 64.02 1.56
Hamilton 4.73 8.05 6.69 12.42 14.95 37.30 2.68
Wellington 6.02 5.83 6.85 17.14 14.60 47.14 2.12
This page in other languages:

DeutschImmobilienpreise in Neuseeland
PortuguêsPreços de Imóveis na Nova Zelândia
ItalianoPrezzi delle proprietà immobiliari in Nuova Zelanda
FrançaisPrix de l'immobilier en Nouvelle-Zélande
EspañolPrecios de Inmuebles en Nueva Zelanda