|Last Updated: Aug. 11, 2013|
|AUCKLAND - Apartments||COST ($)||YIELD (p.a.)||PRICE/SQ.M. ($)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|40 sq. m.||173,840||1,324||9.14%||4,346||33.11|
|60 sq. m.||271,920||1,759||7.76%||4,532||29.32|
|120 sq. m.||673,320||3,052||5.44%||5,611||25.43|
|CHRISTCHURCH - Apartments|
|120 sq. m.||406,20||1,808||5.34%||3,385||15.07|
|300 sq. m.||1,056,000||3,069||3.49%||3,520||10.23|
|WELLINGTON - Apartment|
|50 sq. m.||198,150||1,146||6.94%||3,963||22.91|
|80 sq. m.||344,800||1,742||6.06%||4,310||21.78|
|120 sq. m.||452,640||2,330||6.18%||3,772||19.42|
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
Apartments in Auckland earn the highest rental returns in New Zealand, compared to apartments in Wellington and houses in Christchurch.
In Auckland, rental yields on apartments range from 6.22% to 8.02%. “Foreign buyers are mostly drawn to the Auckland area”, says Bill Sandston, a real estate lawyer.
In Wellington, the capital of New Zealand, rental yields range from 4.83% to 7.37%.
In Christchurch, our sample properties consisted of houses, not apartments, which is why it has relatively low rental yields compared to Auckland and Wellington. But nevertheless, rental yields from houses in Christchurch are steady at the 5% level, no matter what the size of the house is. This is not a bad return on housing properties.
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