Property Prices in Christchurch, New Zealand

Index Info
Price to Income Ratio: 4.63
Mortgage as Percentage of Income: 32.64%
Loan Affordability Index: 3.06
Price to Rent Ratio - City Centre: 17.22
Price to Rent Ratio - Outside of Centre: 11.39
Gross Rental Yield (City Centre): 5.81%
Gross Rental Yield (Outside of Centre): 8.78%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,582.50 NZ$ 1,200.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,457.50 NZ$ 1,200.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,471.43 NZ$ 2,000.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 2,212.50 NZ$ 1,800.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 519.59 NZ$ 371.61-603.86
Price per Square Feet to Buy Apartment Outside of Centre 312.77 NZ$ 278.71-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,835.03 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.64 2.50-4.80

These data are based on 93 entries in the past 18 months from 18 different contributors.
Last update: August 2022

Sources and References
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