Property Prices in Auckland, New Zealand

Index Info
Price to Income Ratio: 11.18
Mortgage as Percentage of Income: 79.50%
Loan Affordability Index: 1.26
Price to Rent Ratio - City Centre: 27.22
Price to Rent Ratio - Outside of Centre: 26.46
Gross Rental Yield (City Centre): 3.67%
Gross Rental Yield (Outside of Centre): 3.78%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,868.87 NZ$ 1,500.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,629.00 NZ$ 1,200.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,356.78 NZ$ 2,500.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,681.45 NZ$ 2,200.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,030.20 NZ$ 782.98-1,579.34
Price per Square Feet to Buy Apartment Outside of Centre 840.19 NZ$ 541.90-1,114.83
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,503.66 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.75 2.80-4.69

These data are based on 333 entries in the past 18 months from 56 different contributors.
Last update: January 2021

Sources and References
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