What is the average cost of housing in New Zealand?
If you are thinking about moving to New Zealand, cost of living in probably a key consideration. Expats commented about the cost of housing...
"The housing costs are hard to guage against what we were use to in the USA...or elswhere. Kiwi houses are not as well insulated, nor heated as in the USA. Construction standards/techniques are different but the more modern house (less than 15 years old) are as good as anywhere in the world. We live in an exceptionally beautiful area and there is no way we could ever afford to buy a similar house in say California at 5 times the price. An average, well constructed, 3-4 bedroom house in our community costs about US$125,00," remarked another expat who made the move to Warkworth, New Zealand.
"The average cost of housing in New Zealand is generally quite high, with prices varying depending on the location and type of property. Generally, the cost of buying a house in New Zealand is significantly higher than renting, with the median house price in the country currently sitting at around NZ$650,000. Renting is more affordable, with the median weekly rent for a three-bedroom house in New Zealand currently sitting at around NZ$450," explained one expat living in New Zealand.
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Other Questions:
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What is the average cost of housing in New Zealand?
If you live in New Zealand, newcomers to New Zealand would love to hear your answer to this question.
About the Author
Betsy Burlingame is one of the founders of InternationalTravel.ai and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and InternationalTravel.ai, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.