Property Prices in New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 10.51 |
| Mortgage as Percentage of Income: | 96.80% |
| Loan Affordability Index: | 1.03 |
| Price to Rent Ratio - City Centre: | 28.39 |
| Price to Rent Ratio - Outside of Centre: | 28.45 |
| Gross Rental Yield (City Centre): | 3.52% |
| Gross Rental Yield (Outside of Centre): | 3.51% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,858.33 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,561.05 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 3,090.64 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,532.25 NZ$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,032.66 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 860.23 NZ$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,844.50 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.86 |
These data are based on 1338 entries in the past 18 months from 213 different contributors.
Last update: December 2023
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 | 13.7 | 3.2 | 3.1 | 31.6 | 32.4 | 127.0 | 0.8 | |
| Christchurch | 4.6 | 6.7 | 6.9 | 14.9 | 14.6 | 42.1 | 2.4 | |
| Dunedin | 3.4 | 6.0 | 7.3 | 16.7 | 13.7 | 31.7 | 3.2 | |
| Hamilton | 7.9 | 4.1 | 4.1 | 24.6 | 24.4 | 72.7 | 1.4 | |
| Palmerston North | 4.8 | 6.0 | 5.2 | 16.7 | 19.3 | 44.1 | 2.3 | |
| Tauranga | 4.2 | 8.1 | 10.2 | 12.4 | 9.8 | 38.3 | 2.6 | |
| Wellington | 14.6 | 4.1 | 4.1 | 24.2 | 24.4 | 134.9 | 0.7 |
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