Rental returns are poor in New Zealand: ranging from 2.30% to 5.72%
Residential Valuation Specialist | December 06, 2022
Last Updated: Oct. 10, 2022 | |||
AUCKLAND - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Auckland Central | |||
1-Bedroom | $207,465 | $990 | 5.72% |
2-Bedroom | $314,852 | $1,147 | 4.37% |
3-Bedroom | $505,449 | $1,799 | 4.27% |
Auckland (all locations) | |||
1-Bedroom | $320,474 | $1,012 | 3.79% |
2-Bedroom | $421,114 | $1,259 | 3.59% |
3-Bedroom | $722,472 | $1,777 | 2.95% |
4+Bedroom | $955,237 | $1,934 | 2.43% |
Auckland avg. Rental Yields | 3.98% | ||
WELLINGTON - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Wellington (all locations) | |||
1-Bedroom | $253,006 | $776 | 3.68% |
2-Bedroom | $385,131 | $1,417 | 4.41% |
3-Bedroom | $480,711 | $1,687 | 4.21% |
4+Bedroom | $840,541 | $2,249 | 3.21% |
Wellington avg. Rental Yields | 3.88% | ||
DUNEDIN - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Dunedin (all locations) | |||
1-Bedroom | $256,370 | $490 | 2.30% |
2-Bedroom | $278,663 | $1,003 | 4.32% |
3-Bedroom | $342,755 | $1,226 | 4.29% |
4+Bedroom | $431,927 | $1,516 | 4.21% |
Dunedin avg. Rental Yields | 3.78% | ||
CHRISTCHURCH - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Christchurch (all locations) | |||
1-Bedroom | $266,959 | $513 | 2.30% |
2-Bedroom | $356,131 | $1,081 | 3.64% |
3-Bedroom | $417,436 | $1,271 | 3.65% |
4+Bedroom | $484,315 | $1,449 | 3.59% |
Christchurch avg. Rental Yields | 3.30% | ||
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. Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
Get updated rental yields data for 75 countries
Property returns. Gross rental yields on apartments in Auckland are low, with rental yields ranging from 2.43% to 5.72% with an city average of 3.89%.
Wellington, the capital city of New Zealand. attracts many ex-pats too. This city is prone to earthquakes but most buildings here are earthquake-proofed, especially the new builds. We found that rental yields are best on 2- and 3-bedroom apartments. The city´s average rental yield return is still poor with it being 3.88% and ranging from 3.21% to 4.41%.
Things don´t look better in Dunedin or Christchurch as well, with the former bringing rental yields from 2.30% to 4.32% and the latter 2.30% to 3.65%.
Residential transaction costs for New Zealand are relatively low.
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