Price/Rent Ratio in Australia compared to Pacific
The tax levied on the average annual income on a rental apartment/property in the country based on a gross rental income of $1500/month. We assume that the property is owned by nonresidents. These tax rates might be subject to deductions (e.g from interest payments, costs).
|New Zealand||27 yrs|
Australia has excellent house price statistics. Quarterly house price indices are available from the Australian Bureau of Statistics. Median house prices are published in the media releases of the Real Estate Institute of Australia. The Reserve Bank of Australia is the best source of analysis and developments in the housing market, as well as of general economics statistics. Economic reports are available from ANZ Bank and AMP Banking.