Gross rental yields in New Zealand: Auckland and 2 other cities
The average gross rental yield in New Zealand stands at 4.21% (2024, Q4).
The apartment average stands at 4.33% while the houses and townhouses average is at 4.14%. Prices are shown in US$.
- Auckland
- Wellington
- Christchurch
| Last Updated: Dec 12, 2024 | |||
| AUCKLAND - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Auckland Central | |||
| 1-Bedroom | $216,730 | $1,057 | 5.85% |
| 2-Bedroom | $316,578 | $1,362 | 5.16% |
| Auckland (all locations) | |||
| 1-Bedroom | $293,085 | $1,175 | 4.81% |
| 2-Bedroom | $375,313 | $1,480 | 4.73% |
| 3-Bedroom | $634,332 | $1,832 | 3.47% |
| Auckland (apartments) avg. Rental Yields | 4.34% | ||
| WELLINGTON - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Wellington (all locations) | |||
| 1-Bedroom | $267,241 | $940 | 4.22% |
| 2-Bedroom | $381,774 | $1,456 | 4.58% |
| 3-Bedroom | $525,673 | $1,832 | 4.18% |
| Wellington (apartments) avg. Rental Yields | 4.33% | ||
| AUCKLAND - Houses/Townhouses | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Auckland (all locations) | |||
| 1-Bedroom | $402,331 | $1,163 | 3.47% |
| 2-Bedroom | $469,876 | $1,480 | 3.78% |
| 3-Bedroom | $540,718 | $1,739 | 3.86% |
| 4+Bedroom | $831,076 | $2,278 | 3.29% |
| Auckland (houses and townhouses) avg. Rental Yields | 3.60% | ||
| WELLINGTON - Houses/Townhouses | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Wellington (all locations) | |||
| 2-Bedroom | $381,186 | $1,409 | 4.44% |
| 3-Bedroom | $516,569 | $1,773 | 4.12% |
| 4+Bedroom | $759,143 | $2,725 | 4.31% |
| Wellington (houses and townhouses) avg. Rental Yields | 4.29% | ||
| CHRISTCHURCH - Houses/Townhouses | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Christchurch (all locations) | |||
| 2-Bedroom | $363,566 | $1,410 | 4.65% |
| 3-Bedroom | $469,288 | $1,762 | 4.51% |
| 4+Bedroom | $596,155 | $2,185 | 4.40% |
| Christchurch (houses and townhouses) avg. Rental Yields | 4.52% | ||
| 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 |
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New Zealand's Historic Rental Yield Data
Navigatable historical rental yield data.
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 utilized the OneRoof 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).
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).