Property Prices in Christchurch, New Zealand

Index Info
Price to Income Ratio: 4.96
Mortgage as Percentage of Income: 39.97%
Loan Affordability Index: 2.50
Price to Rent Ratio - City Centre: 17.04
Price to Rent Ratio - Outside of Centre: 13.31
Gross Rental Yield (City Centre): 5.87%
Gross Rental Yield (Outside of Centre): 7.51%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,773.64 NZ$ 1,400.00-2,384.00
Apartment (1 bedroom) Outside of Centre 1,532.50 NZ$ 1,200.00-2,000.00
Apartment (3 bedrooms) in City Centre 2,671.43 NZ$ 2,400.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 2,300.00 NZ$ 2,000.00-3,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 567.48 NZ$ 501.67-603.86
Price per Square Feet to Buy Apartment Outside of Centre 382.45 NZ$ 278.71-510.96
Salaries And Financing
Average Monthly Net Salary (After Tax) 5,152.98 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.21 2.90-7.00

These data are based on 114 entries in the past 18 months from 26 different contributors.
Last update: June 2023

Sources and References
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