Property Prices in New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 7.64 |
| Mortgage as Percentage of Income: | 69.80% |
| Loan Affordability Index: | 1.43 |
| Price to Rent Ratio - City Centre: | 22.13 |
| Price to Rent Ratio - Outside of Centre: | 21.43 |
| Gross Rental Yield (City Centre): | 4.52% |
| Gross Rental Yield (Outside of Centre): | 4.67% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,832.29 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,539.80 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 2,908.83 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,512.23 NZ$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 778.32 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 640.55 NZ$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,997.06 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.77 |
These data are based on 1122 entries from 180 contributors over the past 18 months.
Last update: April 2025
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 | 11.9 | 3.5 | 3.6 | 28.4 | 27.9 | 105.9 | 0.9 | |
| Christchurch | 6.3 | 6.9 | 7.0 | 14.6 | 14.3 | 57.9 | 1.7 | |
| Dunedin | 4.8 | 6.3 | 7.9 | 16.0 | 12.7 | 44.4 | 2.3 | |
| Hamilton | 9.1 | 3.4 | 4.0 | 29.6 | 24.8 | 83.1 | 1.2 | |
| Palmerston North | 5.1 | 6.6 | 6.8 | 15.2 | 14.7 | 46.7 | 2.1 | |
| Tauranga | 5.9 | 4.5 | 8.7 | 22.4 | 11.5 | 53.7 | 1.9 | |
| Wellington | 10.3 | 3.7 | 3.9 | 26.7 | 25.8 | 95.7 | 1.0 |
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