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United States
40% (53 votes)
None of them. They are more likely to decline.
20% (27 votes)
New Zealand
16% (21 votes)
China
11% (15 votes)
Australia
8% (11 votes)
Japan
5% (6 votes)
Total voters: 133

Which country's economy is likely to improve the most in 2015?

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The ratio between New Zealand house prices and rents | the Rent Ratio

Posted in Property

Rent ratio

The data on this page relates the median house price to the annual house rent. It is a benchmark that is used internationally in the reviews of housing affordability, and is just one of a number of measures that can monitor this. For comparisons to US housing markets, see this NY Times review. The market peak referred in the following table differs for each city/district reviewed, and is specific for that city.

 

Updated 15 Dec 2014
 
Median

Median 3-br

--------------Rent ratio--------------
(see Notes below)
Population
House price
Yearly rent
Nov-14
Oct-14
Nov-13
Peak
% fall
 
Nov-14
Nov-14
Nov-14
 
       
 
 
 
 
 
 
 
 
 
NZ total         4,508,000
$455,750
$18,200
25.04
23.6
23.4
25.0
0%
 
 
 
 
 
 
 
 
 
Whangarei District
80,500
$260,000
$16,640
15.63
16.8
19.0
23.0
-32%
 
 
 
 
 
 
 
 
 
Auckland metro
1,486,000
$670,000
$24,246
27.63
27.2
27.8
27.8
-1%
- North Shore City  
$772,231
$27,040
28.56
27.1
27.8
28.6
0%
- Waitakere City  
$596,114
$22,880
26.05
26.6
25.1
26.6
-2%
- Auckland City  
$804,601
$28,600
28.13
25.9
27.5
28.1
0%
- Manukau City  
$591,380
$22,360
26.45
26.0
23.6
26.9
-2%
 
 
 
 
 
 
 
 
 
Hamilton City
145,600
$380,000
$18,200
20.88
19.6
20.4
23.6
-12%
 
 
 
 
 
 
 
 
 
Tauranga City
115,700
$390,000
$19,344
20.16
20.1
21.4
26.0
-23%
 
 
 
 
 
 
 
 
 
Rotorua District
68,900
$265,000
$14,404
18.40
18.9
18.2
21.9
-16%
 
 
 
 
 
 
 
 
 
Gisborne District
46,600
$265,000
$14,560
18.20
19.6
17.3
26.4
-31%
 
 
 
 
 
 
 
 
 
Napier City
57,800
$308,500
$17,160
17.98
17.3
18.9
21.7
-17%
 
 
 
 
 
 
 
 
 
Hastings District
75,500
$299,100
$15,444
19.37
18.8
16.6
21.5
-10%
 
 
 
 
 
 
 
 
 
New Plymouth District
73,800
$358,000
$18,720
19.12
17.5
19.5
23.6
-19%
 
 
 
 
 
 
 
 
 
Wanganui District
43,500
$165,000
$11,440
14.42
13.1
11.3
20.2
-28%
 
 
 
 
 
 
 
 
 
Palmerston North City
82,100
$285,000
$16,120
17.68
19.9
17.4
24.2
-27%
 
 
 
 
 
 
 
 
 
Wellington metro
487,700
$425,000
$19,141
22.20
21.2
21.4
23.5
-6%
- Kapiti Coast District
48,900
$362,500
$18,720
19.36
20.6
19.4
25.1
-23%
- Porirua City
52,700
$431,500
$18,460
23.37
24.4
22.2
28.2
-17%
- Upper Hutt City
41,500
$349,000
$19,240
18.14
17.8
18.4
22.8
-21%
- Lower Hutt City
103,000
$370,000
$20,124
18.39
19.3
20.3
22.9
-20%
- Wellington City
200,100
$538,457
$24,960
21.57
22.1
23.2
24.6
-12%
 
 
 
 
 
 
 
 
 
Nelson City
46,200
$367,500
$18,720
19.63
20.1
20.5
24.1
-19%
 
 
 
 
 
 
 
 
 
Christchurch City
367,700
$467,056
$23,400
19.96
19.5
19.1
22.7
-12%
 
 
 
 
 
 
 
 
 
Timaru District
44,700
$296,750
$15,600
19.02
18.0
17.2
22.1
-14%
 
 
 
 
 
 
 
 
 
Dunedin City
126,000
$270,000
$15,600
17.31
16.5
17.9
20.0
-13%
 
 
 
 
 
 
 
 
 
Queenstown-Lakes District
28,700
$606,000
$22,360
27.10
24.0
32.5
35.2
-23%
 
 
 
 
 
 
 
 
 
Invercargill City
53,000
$205,000
$12,480
16.43
15.6
17.5
22.3
-26%
                 

Median house price:

Median house prices are as reported by the Real Estate Institute of New Zealand. Although the REINZ series is more volatile than the QV equivalent, there is a highly positive correlation between the two series. The REINZ series is more current and offers an earlier indication of market trends.

Rent: 

The median rent is as sourced from the Department of Housing and Building (DBH) and their Tenancy Bond database.

Disclaimer

IMPORTANT – PLEASE READ

No reader should rely on the contents of this report for making a specific investment or purchase decision. The information in this report is supplied strictly on the basis that only overall market trends are being reported on, and that all data, conclusions and opinions expressed are provisional and subject to revision. If you are making a specific investment or purchase decision, you are strongly advised to seek independent advice from a qualified professional you trust. The conditions and disclaimers set out at www.interest.co.nz/legaldisclaimer.asp are applicable to this report as well.

This report is made available on these terms only, and neither JDJL Limited nor www.interest.co.nz will accept any responsibility for any actions taken on the basis of information in this report, nor for any error in or omission from this report.

Contact:

For sources, definitions, and methodology, please contact:

David Chaston, Publisher
www.interest.co.nz
JDJL Limited
206 Jervois Road, Herne Bay
PO Box 47-756, Ponsonby
Auckland, New Zealand

Phone: +64 (0)9 360-9670
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