Last Updated: Aug. 30, 2023
AUCKLAND - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Auckland Central
1-Bedroom	$247,109	$1,163	5.65%
2-Bedroom	$346,076	$1,534	5.32%
Auckland (all locations)
1-Bedroom	$333,396	$1,188	4.28%
2-Bedroom	$432,363	$1,682	4.67%
3-Bedroom	$1,019,981	$2,078	2.44%
Auckland avg. Rental Yields			4.47%
WELLINGTON - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Wellington (all locations)
1-Bedroom	$363,395	$1,225	4.05%
2-Bedroom	$479,372	$1,633	4.09%
3-Bedroom	$481,847	$1,905	4.74%
Wellington avg. Rental Yields			4.29%
CHRISTCHURCH - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Christchurch (all locations)
2-Bedroom	$369,271	$1,311	4.26%
3-Bedroom	$446,899	$1,540	4.14%
4+Bedroom	$534,887	$1,979	4.44%
Christchurch avg. Rental Yields			4.28%
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 and Oneroof

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of New Zealand. We used the local website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).