Property Prices in New Zealand

Index
Price to Income Ratio:	8.02
Mortgage as Percentage of Income:	60.20%
Loan Affordability Index:	1.66
Price to Rent Ratio - City Centre:	21.85
Price to Rent Ratio - Outside of Centre:	20.69
Gross Rental Yield (City Centre):	4.58%
Gross Rental Yield (Outside of Centre):	4.83%

Rent Per Month	[ Edit ]	Range
Apartment (1 bedroom) in City Centre	1,615.05 NZ$	1,200.00-2,200.00
Apartment (1 bedroom) Outside of Centre	1,285.91 NZ$	800.00-2,000.00
Apartment (3 bedrooms) in City Centre	2,674.37 NZ$	1,700.00-4,000.00
Apartment (3 bedrooms) Outside of Centre	2,124.34 NZ$	1,500.00-3,000.00
Buy Apartment Price	[ Edit ]
Price per Square Feet to Buy Apartment in City Centre	689.52 NZ$	325.16-1,207.73
Price per Square Feet to Buy Apartment Outside of Centre	519.23 NZ$	278.71-929.02
Salaries And Financing	[ Edit ]
Average Monthly Net Salary (After Tax)	4,058.10 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.37	3.00-5.60

These data are based on 1141 entries in the past 18 months from 179 different contributors.
Last update: November 2020
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