Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

New Zealand NZ: Price to Income Ratio: sa data was reported at 117.981 2015=100 in Sep 2024. This records a decrease from the previous number of 120.692 2015=100 for Jun 2024. New Zealand NZ: Price to Income Ratio: sa data is updated quarterly, averaging 79.512 2015=100 from Mar 1986 (Median) to Sep 2024, with 155 observations. The data reached an all-time high of 143.218 2015=100 in Dec 2021 and a record low of 46.765 2015=100 in Mar 1987. New Zealand NZ: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s New Zealand – Table NZ.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

New Zealand has *** of the highest house price-to-income ratios in the world; nonetheless, since the first quarter of 2022, the country's house price-to-income ratio started to trend downward. In the fourth quarter of 2024, the ratio was *****, a slight decrease from the same quarter of the previous year. This ratio was calculated by dividing nominal house prices by nominal disposable income per head, and is considered a measure of affordability. Homeownership dream New Zealand has been in what is widely considered a housing bubble. The disproportionately large increases in residential house prices have placed the dream of owning their own home out of reach for many in the country. In 2024, around ** percent of residential properties were sold for over a million New Zealand dollars. The majority of mortgage lending in the country went to owner-occupiers where the property was not their first home, with first-home buyers often struggling to secure a loan. In general, only New Zealand residents and citizens can buy homes in the country to live in, with new regulations tightening investment activity in that market. Rent affordability Due to New Zealand's high property prices, many individuals and families are stuck renting for prolonged periods. However, with rent prices increasing across the country and the share of monthly income spent on rent trending upwards in tandem with a highly competitive rental market, renting is becoming a less appealing prospect for many. The Auckland and Bay of Plenty regions had the highest weekly rent prices across the country as of December 2024, with the Southland region recording the lowest rent prices per week.

The price of residential property in New Zealand was the highest in the Auckland region in June 2025, with an average sale price of around ******* New Zealand dollars. The most populated city in the country, Auckland, has consistently reported higher house prices compared to most other regions. Buying property in New Zealand, particularly in its major cities, is expensive. The nation has one of the highest house-price-to-income ratios in the world. Auckland residential market The residential housing market in Auckland is competitive. Prices have been slowly decreasing; the Auckland region experienced an annual decrease in the average residential house price in March 2025 compared to the same month in the previous year. The price of residential property in Auckland was the highest in the North Shore City district, with an average sale price of around **** million New Zealand dollars. Home financing Due to the rising cost of real estate, an increasing number of New Zealanders who want to own their own property are taking on mortgages. Most residential mortgage lending in New Zealand went to owner-occupier borrowers, followed by first home buyers. In addition to mortgage lending, previously under the KiwiSaver HomeStart initiative, first-home buyers in New Zealand were able to apply to withdraw all or part of their KiwiSaver retirement savings to assist with purchasing a first home. Nonetheless, the scheme was discontinued in May 2024. Furthermore, even with a large initial deposit, it may take decades for many borrowers to pay off their mortgage.

New Zealand NZ: Standardised Price-Income Ratio: sa data was reported at 146.477 Ratio in Sep 2024. This records a decrease from the previous number of 149.843 Ratio for Jun 2024. New Zealand NZ: Standardised Price-Income Ratio: sa data is updated quarterly, averaging 98.716 Ratio from Mar 1986 (Median) to Sep 2024, with 155 observations. The data reached an all-time high of 177.810 Ratio in Dec 2021 and a record low of 58.060 Ratio in Mar 1987. New Zealand NZ: Standardised Price-Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s New Zealand – Table NZ.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

Global House Standardised Price-Income Ratio by Country, 2023 Discover more data with ReportLinker!

This report analyses mortgage affordability in New Zealand, which is presented as the proportion of a household's monthly earnings left over after a mortgage repayment. This is calculated using the average monthly repayment for a standard 30-year loan on the median house price with a 20% deposit. An increase in the percentage indicates the average mortgage becoming more affordable for households. The data for this report is calculated from information sourced from Statistics New Zealand (Tatauranga Aotearoa) and the Reserve Bank of New Zealand (Te Putea Matua) and is presented as a percentage of average household earnings.

Property For Industry reported NZD28.76M in Net Income for its fiscal semester ending in December of 2024. Data for Property For Industry | PFI - Net Income including historical, tables and charts were last updated by Trading Economics this last September in 2025.

The price to earning (PE) ratios of REITs in New Zealand was lower than the PE ratio of the total market, but slightly higher than the real estate sector as of **********. REITs are companies that own or finance rental real estate. One of their major benefits is liquidity: Though not all REITs are publicly traded, many of the major ones are, which allows investors to easily buy and sell shares. Because REITs pay out most of their taxable income to shareholders as dividends, they typically do not pay any corporate income tax. As of **********, the PE ratio of REITs in New Zealand stood at ****, with the earnings of the market forecast to grow by **** percent annually. The PE ratio is a valuation metric which is calculated as the ratio of the total market cap to the total earnings. A higher PE ratio means that the market cap has grown higher than the earnings - a sign of high investor confidence, but also that the market may be overpriced.

Property For Industry stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

In 2018, at a value of over *** million New Zealand dollars, road construction and maintenance accounted for the largest expenditure from rates (or property taxes) collected by all councils across New Zealand. Continued population growth has led to a high housing demand, driving the construction of infrastructure associated with new housing developments.

Price to Income Ratio：SA在09-01-2024达117.9812015=100，相较于06-01-2024的120.6922015=100有所下降。Price to Income Ratio：SA数据按季更新，03-01-1986至09-01-2024期间平均值为79.5122015=100，共155份观测结果。该数据的历史最高值出现于12-01-2021，达143.2182015=100，而历史最低值则出现于03-01-1987，为46.7652015=100。CEIC提供的Price to Income Ratio：SA数据处于定期更新的状态，数据来源于Organisation for Economic Co-operation and Development，数据归类于全球数据库的新西兰 – Table NZ.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly。

Property For Industry reported 0.06 in EPS Earnings Per Share for its fiscal semester ending in December of 2024. Data for Property For Industry | PFI - EPS Earnings Per Share including historical, tables and charts were last updated by Trading Economics this last August in 2025.

Property For Industry reported 56K in Interest Income for its fiscal semester ending in June of 2023. Data for Property For Industry | PFI - Interest Income including historical, tables and charts were last updated by Trading Economics this last September in 2025.

Property For Industry reported 5.72 in PE Price to Earnings for its fiscal semester ending in June of 2022. Data for Property For Industry | PFI - PE Price to Earnings including historical, tables and charts were last updated by Trading Economics this last September in 2025.

In 2018, at a value of over ** million New Zealand dollars, wastewater related activities accounted for the largest expenditure from rates (or property taxes) collected by Hamilton City Council in New Zealand. In the Hamilton region, continued population growth has driven the development and maintenance requirements of wastewater and water supply infrastructure.

Property For Industry reported NZD11.24M in Cost of Sales for its fiscal semester ending in December of 2024. Data for Property For Industry | PFI - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last September in 2025.

In 2018, at a value of over ********** New Zealand dollars, wastewater related activities accounted for the largest expenditure from rates (or property taxes) collected by Wellington City Council in New Zealand. In the Wellington region, continued population growth has driven the development and maintenance requirements of wastewater and water supply infrastructure.

Kiwi Property reported 17.68 in PE Price to Earnings for its fiscal semester ending in March of 2025. Data for Kiwi Property | KPG - PE Price to Earnings including historical, tables and charts were last updated by Trading Economics this last September in 2025.

Kiwi Property stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.