Property Prices in New Zealand

Index Info
Price to Income Ratio: 7.90
Mortgage as Percentage of Income: 58.55%
Loan Affordability Index: 1.71
Price to Rent Ratio - City Centre: 21.51
Price to Rent Ratio - Outside of Centre: 20.72
Gross Rental Yield (City Centre): 4.65%
Gross Rental Yield (Outside of Centre): 4.83%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,611.51 NZ$ 1,200.00-2,250.00
Apartment (1 bedroom) Outside of Centre 1,260.47 NZ$ 700.00-2,000.00
Apartment (3 bedrooms) in City Centre 2,642.21 NZ$ 1,700.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,124.12 NZ$ 1,500.00-3,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 674.47 NZ$ 325.16-1,207.73
Price per Square Feet to Buy Apartment Outside of Centre 514.28 NZ$ 278.71-929.02
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,050.27 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.22 2.80-5.50

These data are based on 1146 entries in the past 18 months from 181 different contributors.
Last update: March 2021
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 11.45 3.52 3.70 28.42 27.00 80.62 1.24
Christchurch 5.33 5.96 7.71 16.78 12.97 39.38 2.54
Dunedin 8.68 4.49 3.80 22.30 26.33 64.25 1.56
Hamilton 3.16 8.26 6.68 12.10 14.98 24.97 4.00
Wellington 5.83 5.79 6.61 17.26 15.13 45.18 2.21
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