Property Prices in Nelson, New Zealand

Index Info
Price to Income Ratio: 4.61
Mortgage as Percentage of Income: 42.32%
Loan Affordability Index: 2.36
Price to Rent Ratio - City Centre: 15.86
Price to Rent Ratio - Outside of Centre: 17.96
Gross Rental Yield (City Centre): 6.31%
Gross Rental Yield (Outside of Centre): 5.57%

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Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 1,683.33 NZ$ 800.00-2,000.00
1 Bedroom Apartment Outside of City Centre 1,083.33 NZ$ 400.00-1,600.00
3 Bedroom Apartment in City Centre 2,083.33 NZ$ 700.00-3,500.00
3 Bedroom Apartment Outside of City Centre 1,750.00 NZ$ 600.00-2,800.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 464.94 NZ$ 167.22-995.35
Price per Square Feet to Buy Apartment Outside of Centre 376.13 NZ$ 139.35-849.68
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,907.08 NZ$
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.82 6.50-6.89

These data are based on 49 entries from 9 contributors over the past 18 months.
Last update: 12 December 2025

Sources and References
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