Oceania: Property Prices Index by City 2023 Mid-Year

Chart: Price to Income Ratio
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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
Sydney, Australia 15.8 3.3 3.3 30.5 30.5 132.0 0.8
Wellington, New Zealand 14.2 4.2 4.1 23.9 24.7 119.5 0.8
Auckland, New Zealand 13.0 3.3 3.3 30.3 30.1 114.3 0.9
Brisbane, Australia 12.0 3.9 3.9 25.8 25.5 98.2 1.0
Melbourne, Australia 11.0 4.4 3.6 22.9 27.9 91.9 1.1
Canberra, Australia 10.7 5.2 5.1 19.1 19.8 86.4 1.2
Adelaide, Australia 9.8 4.6 5.2 21.9 19.1 84.9 1.2
Perth, Australia 9.4 5.0 4.4 20.1 22.5 80.1 1.2
Christchurch, New Zealand 5.0 6.0 7.2 16.6 14.0 43.5 2.3