Property Prices in Christchurch, New Zealand

Index Info
Price to Income Ratio: 4.86
Mortgage as Percentage of Income: 35.17%
Loan Affordability Index: 2.84
Price to Rent Ratio - City Centre: 15.98
Price to Rent Ratio - Outside of Centre: 13.33
Gross Rental Yield (City Centre): 6.26%
Gross Rental Yield (Outside of Centre): 7.50%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,465.00 NZ$ 1,200.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,143.75 NZ$ 900.00-1,250.00
Apartment (3 bedrooms) in City Centre 2,642.86 NZ$ 2,400.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,000.00 NZ$ 1,800.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 474.96 NZ$ 325.16-743.22
Price per Square Feet to Buy Apartment Outside of Centre 305.03 NZ$ 278.71-418.06
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,314.81 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.93 2.99-5.00

These data are based on 94 entries in the past 18 months from 15 different contributors.
Last update: June 2021

Sources and References
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