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Oct 12, 2012

Good rental returns in Auckland, up to 8%!

			Last Updated: Oct. 12, 2012
AUCKLAND - Apartments	COST ($)		YIELD (p.a.)	PRICE/SQ.M. ($)
AUCKLAND - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
50 sq. m.	217,600	1,325	7.31%	4,352	26.50
80 sq. m.	354,720	1,840	6.22%	4,434	23.00
120 sq. m.	427,080	2,856	8.02%	3,559	23.80
CHRISTCHURCH - Apartments
120 sq. m.	390,360	1,674	5.15%	3,253	13.95
200 sq. m.	582,400	2,430	5.01%	2,912	12.15
250 sq. m.	624,500	2,798	5.38%	2,498	11.19
WELLINGTON - Apartment
50 sq. m.	206,750	1,269	7.37%	4,135	25.38
80 sq. m.	362,800	1,719	5.69%	4,535	21.49
120 sq. m.	550,800	2,215	4.83%	4,590	18.46
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

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.

New Zealand - more data and information

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