Property Prices in New Zealand

Index
Price to Income Ratio:	7.91
Mortgage as Percentage of Income:	57.92%
Loan Affordability Index:	1.73
Price to Rent Ratio - City Centre:	22.64
Price to Rent Ratio - Outside of Centre:	20.37
Gross Rental Yield (City Centre):	4.42%
Gross Rental Yield (Outside of Centre):	4.91%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	1,667.71 NZ$	1,000.00-2,400.00
Apartment (1 bedroom) Outside of Centre	1,317.81 NZ$	600.00-2,200.00
Apartment (3 bedrooms) in City Centre	2,770.72 NZ$	1,686.00-4,300.00
Apartment (3 bedrooms) Outside of Centre	2,238.71 NZ$	1,050.00-3,300.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	738.93 NZ$	371.61-1,393.53
Price per Square Feet to Buy Apartment Outside of Centre	530.41 NZ$	278.71-929.02
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	4,316.82 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.08	2.50-5.50

These data are based on 1170 entries in the past 18 months from 182 different contributors.
Last update: June 2022
Our data for each country are based on all entries from all cities in that country.

Sources and References

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Sources and References:

• Reserve Bank of Nz - Mortgage Rate

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By City in New Zealand