Property Prices in Christchurch, New Zealand

Index Info
Price to Income Ratio: 5.84
Mortgage as Percentage of Income: 54.13%
Loan Affordability Index: 1.85
Price to Rent Ratio - City Centre: 15.02
Price to Rent Ratio - Outside of Centre: 15.03
Gross Rental Yield (City Centre): 6.66%
Gross Rental Yield (Outside of Centre): 6.65%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,166.17 NZ$ 1,400.00-3,200.00
Apartment (1 bedroom) Outside of Centre 1,801.11 NZ$ 750.00-2,700.00
Apartment (3 bedrooms) in City Centre 3,611.11 NZ$ 2,400.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 2,800.00 NZ$ 2,000.00-4,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 637.43 NZ$ 557.41-743.22
Price per Square Feet to Buy Apartment Outside of Centre 514.94 NZ$ 371.61-650.32
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,307.52 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.95 6.59-8.00

These data are based on 122 entries in the past 18 months from 29 different contributors.
Last update: March 2024

Sources and References
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