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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

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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