New Zealand: House Prices, Rents, and Rental Yields
In Depth
- Overview
- Price History
- Rental Yields
- Taxes and Costs
- Tax on Rent (Example)
- Buying Guide
- Landlord and Tenant
- Inheritance
- Living There
- Useful Links
- Country Statistics
Find Property
Directory
Global Statistics
Regional Statistics
- Sq. M. Prices
- Rental Yields
- Rents
- Price/Rent Ratio
- Price/GDP per Cap
- Buy/Sell Costs
- Rental Income Tax
- Capital Gains Tax
- Price Change 1 yr
- Price Change 5 yrs
- Price Change 10 yrs
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Economic Freedom
- Ec. Freedom 5 yrs
- Competitiveness
- Property Rights Index
- Currency +/- Value
- Taxes on Residents
Remains attractive at 6.78%
| Last Updated: Sep. 09, 2009 | |||||
| AUCKLAND - Apartments | COST ($) | YIELD (p.a.) | PRICE/SQ.M. ($) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 50 sq. m. | 156,250 | 1,054 | 8.09% | 3,125 | 21.08 |
| 70 sq. m. | 250,390 | 1,441 | 6.90% | 3,577 | 20.58 |
| 70 sq. m. | 571,900 | 2,544 | 5.34% | 4,085 | 18.17 |
| WELLINGTON - Apartment | |||||
| 50 sq. m. | 194,400 | 1,070 | 6.60% | 3,888 | 21.40 |
| 80 sq. m. | 342,960 | 1,538 | 5.38% | 4,287 | 19.22 |
| 125 sq. m. | 501,375 | 2,221 | 5.32% | 4,011 | 17.77 |
| CHRISTCHURCH - Apartments | |||||
| 90 sq. m. | 207,900 | 880 | 5.08% | 2,310 | 9.78 |
| 155 sq. m. | 305,815 | 1,060 | 4.16% | 1,973 | 6.84 |
| 275 sq. m. | 572,000 | 1,433 | 3.01% | 2,080 | 5.21 |
| 120 sq. m. | 371,640 | 2,311 | 7.46% | 3,097 | 19.26 |
| Districts researched: Auckland: Auckland Central, New Market, Mt. Eden, Parnell, Ponsonby, Remuera Wellington: Wellington Central, Khandallah, Oriental Bay, Mt. Victoria, Thorndon, Kelburn, Roseneath, Te Aro, Christchurch: Fendalton, City Centre, Cashmere, Sumner, Ilam, Merivale Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
|||||
Property investment in New Zealand seems attractive. Prices in Auckland have remained pretty much unchanged from the previous year, averaging at US$3,596 per square metre (sq.m.). Average yields in the city are around 6.78%.
A 50 sq. m. apartment sells for around US$250,390, and yields an average of 8.09%. For the property investor, it is going to be hard to find much better returns than that – in the context of historically strong economic growth, relatively high immigration, and a stable country – what else could someone looking for a property investment want?
Apartments in Wellington are more expensive at US$4,062 per sq.m., but have lower gross rental yields of around 5.77%.
The prices of houses we surveyed in Christchurch range from US$207,900 for 90 sq. m., properties up to US$572,000 for 275 sq. m. properties. Gross rental yields in Christchurch were even lower at 4.08%, so Christchurch seems is unattractive for property investment.
Post a comment
Subscribe to our Newsletter!
Enter your email address to sign up.
RSS
Your Comments
Be the first to comment!