Property Prices in New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 8.49 |
| Mortgage as Percentage of Income: | 78.00% |
| Loan Affordability Index: | 1.28 |
| Price to Rent Ratio - City Centre: | 23.65 |
| Price to Rent Ratio - Outside of Centre: | 24.13 |
| Gross Rental Yield (City Centre): | 4.23% |
| Gross Rental Yield (Outside of Centre): | 4.14% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,867.34 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,534.72 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 3,028.57 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,466.08 NZ$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 855.37 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 714.51 NZ$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,975.38 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.84 |
These data are based on 1237 entries in the past 18 months from 197 different contributors.
Last update: December 2024
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 | 11.4 | 3.5 | 3.3 | 28.8 | 30.4 | 103.9 | 1.0 | |
| Christchurch | 5.2 | 7.9 | 7.8 | 12.7 | 12.8 | 47.8 | 2.1 | |
| Dunedin | 3.6 | 6.3 | 7.0 | 15.9 | 14.2 | 34.0 | 2.9 | |
| Hamilton | 9.1 | 3.4 | 4.0 | 29.6 | 24.8 | 83.1 | 1.2 | |
| Palmerston North | 5.1 | 6.2 | 4.3 | 16.2 | 23.3 | 46.7 | 2.1 | |
| Tauranga | 5.9 | 4.6 | 8.7 | 21.9 | 11.5 | 54.0 | 1.9 | |
| Wellington | 12.8 | 4.2 | 4.2 | 23.5 | 23.6 | 118.9 | 0.8 |
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