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|
Property Prices in New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 8.04 |
| Mortgage as Percentange of Income: | 62.99% |
| Loan Affordability Index: | 1.59 |
| Price to Rent Ratio - City Centre: | 19.56 |
| Price to Rent Ratio - Outside of Centre: | 20.33 |
| Gross Rental Yield (City Centre): | 5.11% |
| Gross Rental Yield (Outside of Centre): | 4.92% |
| Rent Per Month | [ Edit ] | Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,457.35 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,144.22 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 2,345.50 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 1,988.12 NZ$ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 550.28 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 464.18 NZ$ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 3,394.45 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.87 |
These data are based on 766 entries in the past 18 months from 117 different contributors.
Last update: May 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 | 10.91 | 4.46 | 4.32 | 22.42 | 23.16 | 84.70 | 1.18 | |
| Christchurch | 5.71 | 4.92 | 6.80 | 20.34 | 14.71 | 43.99 | 2.27 | |
| Dunedin | 3.60 | 8.00 | 7.37 | 12.50 | 13.58 | 27.75 | 3.60 | |
| Hamilton | 5.55 | 5.73 | 4.22 | 17.44 | 23.70 | 42.80 | 2.34 | |
| Wellington | 6.55 | 5.80 | 6.28 | 17.23 | 15.93 | 51.76 | 1.93 |
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We would like to gather more data for:
Canterbury, Cromwell, Dargaville, Eltham, Feilding, Fox Glacier, Geraldine, Gisborne, Glenorchy, Gore, Greymouth, ... Update information for New Zealand!