Property Prices in Wellington, New Zealand

Index Info
Price to Income Ratio: 8.86
Mortgage as Percentage of Income: 78.05%
Loan Affordability Index: 1.28
Price to Rent Ratio - City Centre: 25.87
Price to Rent Ratio - Outside of Centre: 16.53
Gross Rental Yield (City Centre): 3.87%
Gross Rental Yield (Outside of Centre): 6.05%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 2,071.08 NZ$ 1,800.00-2,500.00
1 Bedroom Apartment Outside of City Centre 2,048.60 NZ$ 1,600.00-2,460.00
3 Bedroom Apartment in City Centre 3,749.64 NZ$ 3,200.00-4,400.00
3 Bedroom Apartment Outside of City Centre 3,104.25 NZ$ 2,900.00-3,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,088.99 NZ$ 836.12-1,765.14
Price per Square Feet to Buy Apartment Outside of Centre 637.72 NZ$ 531.87-770.62
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,242.62 NZ$
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.30 5.00-7.60

These data are based on 147 entries from 25 contributors over the past 18 months.
Last update: 13 January 2026

Sources and References
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2 Comments so far
Henri Bou Saab on Jan 12, 2021:
Looking for a town house 2 bedroom in mount Victoria Wellington with s small garden
yr on Nov 04, 2020:
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