Property Prices in New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 7.30 |
| Mortgage as Percentage of Income: | 65.83% |
| Loan Affordability Index: | 1.52 |
| Price to Rent Ratio - City Centre: | 21.21 |
| Price to Rent Ratio - Outside of Centre: | 20.48 |
| Gross Rental Yield (City Centre): | 4.72% |
| Gross Rental Yield (Outside of Centre): | 4.88% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| 1 Bedroom Apartment in City Centre | 1,864.04 NZ$ | |
| 1 Bedroom Apartment Outside of City Centre | 1,538.30 NZ$ | |
| 3 Bedroom Apartment in City Centre | 2,968.48 NZ$ | |
| 3 Bedroom Apartment Outside of City Centre | 2,610.51 NZ$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 759.70 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 622.04 NZ$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 5,094.39 NZ$ | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.60 |
These data are based on 1052 entries from 172 contributors over the past 18 months.
Last update: 9 November 2025
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 | 9.8 | 4.2 | 4.1 | 23.9 | 24.4 | 86.1 | 1.2 | |
| Christchurch | 7.0 | 6.4 | 5.9 | 15.5 | 16.9 | 62.8 | 1.6 | |
| Dunedin | 4.8 | 6.3 | 7.9 | 16.0 | 12.7 | 44.4 | 2.3 | |
| Hamilton | 9.6 | 2.8 | 3.2 | 35.3 | 31.0 | 87.7 | 1.1 | |
| Napier | 2.6 | 9.7 | 8.7 | 10.3 | 11.4 | 23.0 | 4.3 | |
| Palmerston North | 4.5 | 8.4 | 6.3 | 11.9 | 16.0 | 41.2 | 2.4 | |
| Queenstown | 8.0 | 5.5 | 7.0 | 18.2 | 14.3 | 70.4 | 1.4 | |
| Tauranga | 5.9 | 4.5 | 8.7 | 22.4 | 11.5 | 53.7 | 1.9 | |
| Wellington | 8.5 | 4.0 | 5.1 | 25.0 | 19.5 | 77.3 | 1.3 |
This Page in Other Languages:
 DeutschProperty Prices in Neuseeland
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