New Zealand: House Prices, Rents, and Rental Yields
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Last Updated: Aug 27, 2008
Auckland yields at 6.6%
| Last Updated: Jul. 27, 2008 | |||||
| AUCKLAND | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 50 sq. m. | 183,550 | 1,008 | 6.59% | 3,671 | 20.16 |
| 70 sq. m. | 268,450 | 1,420 | 6.35% | 3,835 | 20.29 |
| 120 sq. m. | 371,640 | 2,311 | 7.46% | 3,097 | 19.26 |
| Districts researched: Auckland Central, Newmarket, Mt. Eden, Parnell, Ponsonby, Remuera. Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Prices are lower in Auckland City from the previous year, now just averaging US$3,516 per sq. m. A 50 sq. m. apartment sells for around US$3,700 per sq. m., and has yields of up to 6.6%. Average yields in the city is at 6.8%.
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