Property Prices in Napier, New Zealand

Index Info
Price to Income Ratio: 10.69
Mortgage as Percentage of Income: 89.43%
Loan Affordability Index: 1.12
Price to Rent Ratio - City Centre: 38.45
Price to Rent Ratio - Outside of Centre: 33.86
Gross Rental Yield (City Centre): 2.60%
Gross Rental Yield (Outside of Centre): 2.95%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 725.00 NZ$ 450.00-1,000.00
Apartment (1 bedroom) Outside of Centre 577.50 NZ$ 355.00-800.00
Apartment (3 bedrooms) in City Centre 1,742.50 NZ$ 1,700.00-1,785.00
Apartment (3 bedrooms) Outside of Centre 1,436.67 NZ$ 550.00-2,160.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 650.32 NZ$
Price per Square Feet to Buy Apartment Outside of Centre 464.51 NZ$
Salaries And Financing
Average Monthly Net Salary (After Tax) 2,807.11 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.67 3.80-8.00

These data are based on 19 entries in the past 18 months from 4 different contributors.
Last update: March 2021

Sources and References
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