Property Prices in Palmerston North, New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 4.92 |
| Mortgage as Percentage of Income: | 45.10% |
| Loan Affordability Index: | 2.22 |
| Price to Rent Ratio - City Centre: | 17.82 |
| Price to Rent Ratio - Outside of Centre: | 22.83 |
| Gross Rental Yield (City Centre): | 5.61% |
| Gross Rental Yield (Outside of Centre): | 4.38% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,058.33 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,112.50 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 2,471.43 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 1,568.33 NZ$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 433.54 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 464.51 NZ$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,908.75 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.80 |
These data are based on 45 entries in the past 18 months from 10 different contributors.
Last update: April 2024
Sources and References
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Nearby cities:| Property Prices in Levin | 29.87 miles |
| Property Prices in Whanganui | 45.53 miles |
| Property Prices in Masterton | 66.90 miles |
| Property Prices in Porirua | 75.27 miles |
| Property Prices in Lower Hutt | 87.02 miles |
| Property Prices in Wellington | 87.49 miles |
| Property Prices in Upper Hutt | 88.55 miles |
| Property Prices in Hastings | 97.96 miles |
| Property Prices in Napier | 111.53 miles |
| Property Prices in New Plymouth | 144.85 miles |
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