Property Prices in Queenstown, New Zealand

Index Info
Price to Income Ratio: 10.54
Mortgage as Percentage of Income: 92.60%
Loan Affordability Index: 1.08
Price to Rent Ratio - City Centre: 22.47
Price to Rent Ratio - Outside of Centre: 18.12
Gross Rental Yield (City Centre): 4.45%
Gross Rental Yield (Outside of Centre): 5.52%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre NZ$2,657.50 2,500.00-2,930.00
1 Bedroom Apartment Outside of City Centre NZ$2,262.00 2,000.00-2,598.00
3 Bedroom Apartment in City Centre NZ$5,182.00 4,500.00-6,928.00
3 Bedroom Apartment Outside of City Centre NZ$4,490.50 3,500.00-6,062.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre NZ$1,255.49 929.02-1,815.53
Price per Square Feet to Buy Apartment Outside of Centre NZ$869.29 650.32-1,260.79
Salaries And Financing
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Average Monthly Net Salary (After Tax) NZ$5,426.76
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.28 4.75-6.85

These data are based on 39 entries from 7 contributors over the past 18 months.
Last update: 18 May 2026

Sources and References
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