Property Prices in Auckland, New Zealand

Index Info
Price to Income Ratio: 10.94
Mortgage as Percentage of Income: 100.72%
Loan Affordability Index: 0.99
Price to Rent Ratio - City Centre: 30.97
Price to Rent Ratio - Outside of Centre: 31.85
Gross Rental Yield (City Centre): 3.23%
Gross Rental Yield (Outside of Centre): 3.14%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,083.04 NZ$ 1,600.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,795.50 NZ$ 1,200.00-2,400.00
Apartment (3 bedrooms) in City Centre 3,895.46 NZ$ 2,800.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 3,032.20 NZ$ 2,400.00-3,700.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 1,330.74 NZ$ 877.09-1,765.14
Price per Square Feet to Buy Apartment Outside of Centre 1,126.98 NZ$ 808.25-1,486.44
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 6,043.71 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.86 5.00-8.00

These data are based on 284 entries in the past 18 months from 56 different contributors.
Last update: July 2024

Sources and References
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3 Comments so far
Tundra on Apr 13, 2023:
Never ever buy an apartment or anything that has a body corporate or some sort of lease or anything of the like they are almost always scams that will lose you a great deal of money. Either fees go up by 10s of thousands of $$ or the building has leaky issues or some POS kiwi crackheads will move in next door either way you wont be able to sell and lose everything.
Bring on Jul 14, 2022:
So the comment to YeahNah, well most of your saying, I agree, but tgat logic only applies to the houses and apts built before 2010. The new apartments near CBD are well insulated with double glazed windows and insulation and the most recent building codes apply with Masterbuild guarantee. Due to population increasing and desire to stay near CBD apartment is not a bad option anymore.
YeahNah on Jun 20, 2022:
Most NZ houses are terrible, uninsulated, unheated and built out of paper-thin materials that disintegrate after 10 years or so. To get something livable you'd need to spend at least $1.6m. Stay away from "Stucco" houses and do not buy an apartment or a house that touches or shares any part with someone else's house. Freehold or nothing, you have been warned.