Property Prices in Tauranga, New Zealand

Index Info
Price to Income Ratio: 4.25
Mortgage as Percentage of Income: 35.31%
Loan Affordability Index: 2.83
Price to Rent Ratio - City Centre: 12.41
Price to Rent Ratio - Outside of Centre: 9.84
Gross Rental Yield (City Centre): 8.06%
Gross Rental Yield (Outside of Centre): 10.16%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,021.67 NZ$ 1,950.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,715.00 NZ$ 1,500.00-2,000.00
Apartment (3 bedrooms) in City Centre 2,567.50 NZ$ 2,000.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 2,437.14 NZ$ 2,300.00-2,600.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 441.29 NZ$ 371.61-510.96
Price per Square Feet to Buy Apartment Outside of Centre 309.67 NZ$ 185.80-464.51
Salaries And Financing
Average Monthly Net Salary (After Tax) 4,759.02 NZ$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.59 2.49-6.80

These data are based on 62 entries in the past 18 months from 13 different contributors.
Last update: September 2023

Sources and References
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