Property Prices in Christchurch, New Zealand

Index Info
Price to Income Ratio: 5.40
Mortgage as Percentage of Income: 40.26%
Loan Affordability Index: 2.48
Price to Rent Ratio - City Centre: 17.77
Price to Rent Ratio - Outside of Centre: 12.91
Gross Rental Yield (City Centre): 5.63%
Gross Rental Yield (Outside of Centre): 7.74%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,457.78 NZ$ 1,200.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,143.75 NZ$ 900.00-1,280.00
Apartment (3 bedrooms) in City Centre 2,453.33 NZ$ 2,000.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,980.00 NZ$ 1,800.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 509.80 NZ$ 325.16-743.22
Price per Square Feet to Buy Apartment Outside of Centre 294.19 NZ$ 232.26-418.06
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,006.67 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.29 3.00-5.00

These data are based on 107 entries in the past 18 months from 20 different contributors.
Last update: January 2021

Sources and References
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