Property Prices in Dunedin, New Zealand

Index Info
Price to Income Ratio: 4.79
Mortgage as Percentage of Income: 44.81%
Loan Affordability Index: 2.23
Price to Rent Ratio - City Centre: 14.13
Price to Rent Ratio - Outside of Centre: 12.68
Gross Rental Yield (City Centre): 7.08%
Gross Rental Yield (Outside of Centre): 7.89%

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Rent Per Month
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1 Bedroom Apartment in City Centre NZ$1,693.33 1,200.00-2,150.00
1 Bedroom Apartment Outside of City Centre NZ$1,338.33 1,000.00-1,630.00
3 Bedroom Apartment in City Centre NZ$2,764.33 2,000.00-3,400.00
3 Bedroom Apartment Outside of City Centre NZ$2,079.25 1,870.00-2,470.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre NZ$464.51
Price per Square Feet to Buy Apartment Outside of Centre NZ$322.70 278.71-366.69
Salaries And Financing
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Average Monthly Net Salary (After Tax) NZ$4,421.33
Annual Mortgage Interest Rate (20-Year Fixed, in %) 7.07 6.80-8.00

These data are based on 50 entries from 9 contributors over the past 18 months.
Last update: 4 May 2026

Sources and References
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