Property Prices in Queenstown, New Zealand

Index Info
Price to Income Ratio: 8.01
Mortgage as Percentage of Income: 70.39%
Loan Affordability Index: 1.42
Price to Rent Ratio - City Centre: 18.19
Price to Rent Ratio - Outside of Centre: 14.26
Gross Rental Yield (City Centre): 5.50%
Gross Rental Yield (Outside of Centre): 7.01%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 2,513.58 NZ$ 2,381.50-2,700.00
1 Bedroom Apartment Outside of City Centre 2,183.00 NZ$ 2,000.00-2,598.00
3 Bedroom Apartment in City Centre 5,054.67 NZ$ 3,600.00-6,928.00
3 Bedroom Apartment Outside of City Centre 4,516.67 NZ$ 3,200.00-6,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 975.47 NZ$ 929.02-1,021.92
Price per Square Feet to Buy Apartment Outside of Centre 673.54 NZ$ 650.32-696.77
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,540.60 NZ$
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.28 4.75-6.85

These data are based on 50 entries from 8 contributors over the past 18 months.
Last update: 29 October 2025

Sources and References
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