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Property Prices in New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 8.48 |
| Mortgage as Percentange of Income: | 66.54% |
| Loan Affordability Index: | 1.50 |
| Price to Rent Ratio - City Centre: | 21.28 |
| Price to Rent Ratio - Outside of Centre: | 20.98 |
| Gross Rental Yield (City Centre): | 4.70% |
| Gross Rental Yield (Outside of Centre): | 4.77% |
| Rent Per Month | [ Edit ] | Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,441.25 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,174.35 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 2,375.86 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 1,953.86 NZ$ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 598.10 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 482.32 NZ$ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 3,428.60 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.89 |
These data are based on 819 entries in the past 18 months from 126 different contributors.
Last update: August 2018
Our data for each country are based on all entries from all cities in that country.
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 | 11.61 | 4.05 | 4.03 | 24.68 | 24.81 | 90.58 | 1.10 | |
| Christchurch | 5.82 | 4.78 | 6.90 | 20.93 | 14.49 | 45.08 | 2.22 | |
| Dunedin | 4.36 | 7.71 | 6.76 | 12.96 | 14.79 | 33.82 | 2.96 | |
| Hamilton | 5.55 | 4.72 | 5.26 | 21.16 | 19.00 | 43.24 | 2.31 | |
| Wellington | 6.74 | 6.09 | 6.23 | 16.41 | 16.05 | 53.15 | 1.88 |
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Canterbury, Cromwell, Dargaville, Eltham, Feilding, Fox Glacier, Geraldine, Gisborne, Glenorchy, Gore, Greymouth, ... Update information for New Zealand!