Property Prices in New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 8.47 |
| Mortgage as Percentage of Income: | 77.84% |
| Loan Affordability Index: | 1.28 |
| Price to Rent Ratio - City Centre: | 23.66 |
| Price to Rent Ratio - Outside of Centre: | 24.29 |
| Gross Rental Yield (City Centre): | 4.23% |
| Gross Rental Yield (Outside of Centre): | 4.12% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,872.72 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,539.58 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 3,014.68 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,467.38 NZ$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 855.37 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 720.61 NZ$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 5,006.93 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.84 |
These data are based on 1247 entries in the past 18 months from 198 different contributors.
Last update: November 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
By City in New Zealand
Rank |
City |
Price To Income Ratio |
Gross Rental Yield City Centre |
Gross Rental Yield Outside of Centre |
Price To Rent Ratio City Centre |
Price To Rent Ratio Outside Of City Centre |
Mortgage As A Percentage Of Income |
Affordability Index |
|---|---|---|---|---|---|---|---|---|
| Auckland | 11.2 | 3.4 | 3.3 | 29.0 | 30.3 | 101.7 | 1.0 | |
| Christchurch | 5.1 | 7.9 | 7.8 | 12.7 | 12.8 | 46.9 | 2.1 | |
| Dunedin | 3.4 | 6.3 | 8.2 | 15.9 | 12.2 | 32.1 | 3.1 | |
| Hamilton | 9.1 | 3.7 | 3.9 | 27.1 | 25.9 | 83.1 | 1.2 | |
| Palmerston North | 5.1 | 6.2 | 4.3 | 16.2 | 23.3 | 46.7 | 2.1 | |
| Tauranga | 6.0 | 4.6 | 8.7 | 21.9 | 11.5 | 55.3 | 1.8 | |
| Wellington | 12.8 | 4.2 | 4.2 | 23.7 | 23.6 | 118.9 | 0.8 |
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