Price/Rent Ratio in New Zealand compared to Pacific
This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.
- Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
- Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
- Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Last updated January, 2025
| Australia | 35 yrs |
| New Zealand | 27 yrs |
New Zealand has a quarterly house price index,
available from the Reserve Bank of New Zealand. Monthly median house prices are published by the Real Estate Institute of New Zealand (REINZ), which also publishes residential market news. Rental market data are freely available from the Massey University Real Estate Analysis Unit.
General economics statistics are from the Reserve Bank of New Zealand.