Property Prices in New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 8.86 |
| Mortgage as Percentage of Income: | 67.49% |
| Loan Affordability Index: | 1.48 |
| Price to Rent Ratio - City Centre: | 24.36 |
| Price to Rent Ratio - Outside of Centre: | 23.26 |
| Gross Rental Yield (City Centre): | 4.11% |
| Gross Rental Yield (Outside of Centre): | 4.30% |
| Rent Per Month | [ Edit ] | Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,561.70 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,234.87 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 2,575.93 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,069.95 NZ$ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 742.10 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 564.16 NZ$ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 3,969.55 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.55 |
These data are based on 1148 entries in the past 18 months from 172 different contributors.
Last update: May 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 | 12.18 | 3.59 | 3.75 | 27.82 | 26.70 | 88.55 | 1.13 | |
| Christchurch | 5.37 | 5.56 | 7.80 | 17.98 | 12.83 | 41.31 | 2.42 | |
| Dunedin | 8.49 | 4.03 | 3.77 | 24.79 | 26.50 | 64.44 | 1.55 | |
| Hamilton | 4.58 | 9.47 | 5.52 | 10.56 | 18.10 | 36.72 | 2.72 | |
| Wellington | 6.41 | 5.46 | 6.44 | 18.33 | 15.53 | 50.73 | 1.97 |
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