Property Prices in Palmerston North, New Zealand

Index Info
Price to Income Ratio: 4.53
Mortgage as Percentage of Income: 41.48%
Loan Affordability Index: 2.41
Price to Rent Ratio - City Centre: 16.69
Price to Rent Ratio - Outside of Centre: 19.29
Gross Rental Yield (City Centre): 5.99%
Gross Rental Yield (Outside of Centre): 5.18%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,233.33 NZ$ 400.00-1,500.00
Apartment (1 bedroom) Outside of Centre 1,112.50 NZ$ 300.00-1,750.00
Apartment (3 bedrooms) in City Centre 2,412.50 NZ$ 1,900.00-3,100.00
Apartment (3 bedrooms) Outside of Centre 1,568.33 NZ$ 550.00-2,300.00
Buy Apartment Price
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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
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Average Monthly Net Salary (After Tax) 4,908.75 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.80 6.80-6.80

These data are based on 49 entries in the past 18 months from 11 different contributors.
Last update: February 2024

Sources and References
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