|New Zealand||27 yrs|
Pacific: Price/rent ratio
This ratio is typically used for measuring undervaluation/overvaluation of real estate prices, calculated by dividing the average house price with the average yearly rent. In essence, it provides us with information about how many years it would take to earn back our investment in the current market situation. Usually, any value up to 20 could be considered as a potential investment market (the lower the value, the better). However, this does not take into account any taxes or other costs that are related to the purchase and rental process.
When wereas theise data collected? Click on individual countries to see the data collection date.
Statistics for the Pacific Region. The bright spots in the Pacific are Australia and New Zealand, both countries which publish excellent house price statistics, as well as very good general economics statistics.