Property Prices in New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 9.86 |
| Mortgage as Percentage of Income: | 77.89% |
| Loan Affordability Index: | 1.28 |
| Price to Rent Ratio - City Centre: | 26.53 |
| Price to Rent Ratio - Outside of Centre: | 25.77 |
| Gross Rental Yield (City Centre): | 3.77% |
| Gross Rental Yield (Outside of Centre): | 3.88% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,853.74 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,564.77 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 3,061.08 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,473.81 NZ$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 959.85 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 772.57 NZ$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,726.23 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.96 |
These data are based on 1369 entries in the past 18 months from 208 different contributors.
Last update: June 2023
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 | 12.3 | 3.3 | 3.3 | 30.3 | 30.1 | 103.8 | 1.0 | |
| Christchurch | 5.0 | 5.7 | 7.5 | 17.4 | 13.3 | 40.0 | 2.5 | |
| Hamilton | 9.0 | 3.9 | 3.7 | 25.5 | 27.0 | 68.8 | 1.5 | |
| Tauranga | 3.8 | 8.0 | 10.3 | 12.5 | 9.7 | 27.8 | 3.6 | |
| Wellington | 14.2 | 4.4 | 4.2 | 22.9 | 23.8 | 115.2 | 0.9 |
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