Property Prices in New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 9.00 |
| Mortgage as Percentage of Income: | 67.81% |
| Loan Affordability Index: | 1.47 |
| Price to Rent Ratio - City Centre: | 24.85 |
| Price to Rent Ratio - Outside of Centre: | 23.20 |
| Gross Rental Yield (City Centre): | 4.02% |
| Gross Rental Yield (Outside of Centre): | 4.31% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,793.11 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,505.46 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 3,021.34 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,403.99 NZ$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 877.37 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 672.09 NZ$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,634.62 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.42 |
These data are based on 1318 entries in the past 18 months from 201 different contributors.
Last update: January 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 | 10.8 | 3.4 | 3.9 | 29.0 | 25.3 | 83.1 | 1.2 | |
| Christchurch | 4.8 | 5.7 | 9.2 | 17.7 | 10.9 | 35.0 | 2.9 | |
| Dunedin | 4.9 | 5.7 | 5.6 | 17.4 | 17.8 | 32.9 | 3.0 | |
| Hamilton | 9.1 | 3.9 | 4.0 | 25.9 | 25.1 | 66.5 | 1.5 | |
| Tauranga | 5.4 | 7.9 | 8.5 | 12.7 | 11.8 | 37.8 | 2.6 | |
| Wellington | 12.9 | 4.5 | 4.3 | 22.4 | 23.1 | 102.2 | 1.0 |
This page in other languages:
