Rent Per Month | |
Range |
---|---|---|
Apartment (1 bedroom) in City Centre | 1,832.30 NZ$ | |
Apartment (1 bedroom) Outside of Centre | 1,523.95 NZ$ | |
Apartment (3 bedrooms) in City Centre | 2,968.99 NZ$ | |
Apartment (3 bedrooms) Outside of Centre | 2,476.07 NZ$ | |
Buy Apartment Price | |
|
Price per Square Feet to Buy Apartment in City Centre | 909.54 NZ$ | |
Price per Square Feet to Buy Apartment Outside of Centre | 765.20 NZ$ | |
Salaries And Financing | |
|
Average Monthly Net Salary (After Tax) | 5,110.13 NZ$ | |
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.87 |
These data are based on 1255 entries in the past 18 months from 219 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.
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 | 10.9 | 3.2 | 3.1 | 31.1 | 32.0 | 100.7 | 1.0 | |
Christchurch | 4.9 | 7.8 | 7.9 | 12.9 | 12.7 | 44.7 | 2.2 | |
Dunedin | 4.0 | 5.8 | 8.1 | 17.2 | 12.3 | 37.1 | 2.7 | |
Hamilton | 9.0 | 3.6 | 3.8 | 27.9 | 26.1 | 82.9 | 1.2 | |
Palmerston North | 5.4 | 5.6 | 4.4 | 17.8 | 22.8 | 49.2 | 2.0 | |
Tauranga | 5.9 | 4.7 | 8.8 | 21.4 | 11.4 | 53.6 | 1.9 | |
Wellington | 13.3 | 4.2 | 4.2 | 23.9 | 23.9 | 123.5 | 0.8 |