Property Prices in Palmerston North, New Zealand

Index Info
Price to Income Ratio: 5.05
Mortgage as Percentage of Income: 36.58%
Loan Affordability Index: 2.73
Price to Rent Ratio - City Centre: 21.84
Price to Rent Ratio - Outside of Centre: 26.15
Gross Rental Yield (City Centre): 4.58%
Gross Rental Yield (Outside of Centre): 3.82%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 800.00 NZ$ 350.00-1,400.00
Apartment (1 bedroom) Outside of Centre 762.50 NZ$ 300.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,157.14 NZ$ 800.00-3,100.00
Apartment (3 bedrooms) Outside of Centre 1,285.00 NZ$ 550.00-2,160.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 433.54 NZ$ 371.61-464.51
Price per Square Feet to Buy Apartment Outside of Centre 392.51 NZ$ 176.51-557.41
Salaries And Financing
Average Monthly Net Salary (After Tax) 4,400.00 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.95 3.00-6.70

These data are based on 50 entries in the past 18 months from 10 different contributors.
Last update: May 2023

Sources and References
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