CLOSE X

Register - if you don't have an account

Yes! Sign me up for Global Property Guide's fortnightly email newsletter.


Login - for registered users

Forgot Password?
Explore destinations
continent map couldn't be loaded Pacific Europe & Russia North America Latin America Asia Africa Middle East Caribbean

 


Financial Overview

Directory

Property Search

Global Statistics

Regional Statistics






Dec 29, 2017

Good rental returns in Wellington and Auckland


Last Updated: Dec. 29, 2017
AUCKLAND - Apartments (size) COST ($) YIELD (p.a.) PRICE/SQ.M. ($)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 360,450 n.a. n.a. 7,209 n.a.
AUCKLAND - Apartments (bedrooms)
1 BR 308,588 1,421 5.53% n.a. n.a.
2 BR 412,571 1,885 5.48% n.a. n.a.
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Districts researched:
Auckland: Auckland Central, Mt. Eden, New Market, Parnell and Ponsonby
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

We find that rental returns on apartments in Wellington have now moved ahead of Auckland. This may reflect a jump in prices of larger properties. “Foreign buyers are mostly drawn to the Auckland area”, explains Bill Sandston, a real estate lawyer.

In Wellington, the capital of New Zealand, rental yields range from 6.88% to 8.43%, with smaller apartments earning more.

In Auckland, rental yields on apartments range from 6.09% to 7.18%. Unfortunately, we were only able to sample smaller apartments, but these usually earn much better returns.

In Christchurch, our sample properties consisted of houses, not apartments. Houses tend to have lower rental yields, so the fact that we found low yields in Christchurch probably reflects the kind of property we looked at, rather than any objective difference.






Comments


Be the first to comment on this article!



Login or Register to submit a comment!

In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.



Compare Countries



Free Newsletter

Fortnightly updates from the global property arena directly to your inbox.


Email Address:





Connect to professional advice in New Zealand





PROPERTY RECOMMENDATIONS

 
Download free property reports from international research houses

Our Newsletter

 
Fortnightly updates from the global property arena directly to your inbox.

Manage subscriptions