Property Prices in Invercargill, New Zealand

Index Info
Price to Income Ratio: 8.40
Mortgage as Percentage of Income: 76.50%
Loan Affordability Index: 1.31
Price to Rent Ratio - City Centre: 48.08
Price to Rent Ratio - Outside of Centre: 28.15
Gross Rental Yield (City Centre): 2.08%
Gross Rental Yield (Outside of Centre): 3.55%

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Rent Per Month
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1 Bedroom Apartment in City Centre 1,066.67 NZ$ 400.00-1,600.00
1 Bedroom Apartment Outside of City Centre 973.33 NZ$ 320.00-1,400.00
3 Bedroom Apartment in City Centre 1,466.67 NZ$ 600.00-2,200.00
3 Bedroom Apartment Outside of City Centre 1,766.67 NZ$ 1,600.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 929.02 NZ$
Price per Square Feet to Buy Apartment Outside of Centre 557.41 NZ$ 278.71-836.12
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,760.42 NZ$
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.72 4.95-7.00

These data are based on 27 entries from 6 contributors over the past 18 months.
Last update: 3 October 2025

Sources and References
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