New Zealand · Oceania · Population: 215,000
Wellington is moderately affordable compared to major global cities, with significant price corrections underway. The city has above-average rental costs. At $520,000 average home price in New Zealand, buyers should consider the 9.2x price-to-income ratio when planning a purchase.
| Average Home Price | $520,000 |
| Price per sqm | $6,800 |
| Price-to-Income Ratio | 9.2x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | -3.8% |
| 1-Bedroom Apartment | $1,600/mo |
| 3-Bedroom Apartment | $2,500/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $57,000/year |
| Years to Buy (at median income) | 9.2 years |
| Local Currency | NZD |
With a price-to-income ratio of 9.2x, Wellington requires significant savings to purchase property. At a mortgage rate of 6.8%, monthly payments could consume a large share of income. Home prices have decreased 3.8% in the past year.
Cities worldwide with home prices closest to Wellington
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
Explore the DataPeek Network