Calculate your investment property return
Rental Yield Calculator New Zealand
Calculate gross and net rental yield on any New Zealand investment property. Enter your weekly rent, property value, and annual expenses to see your return.
Enter your details
≈ $2,305/month · $27,656/year
Rates, insurance, maintenance, property management
% of year property sits vacant
Used for cash-on-cash return (leave 0 to skip)
Gross rental yield
3.69%
Before expenses & vacancy
Net rental yield
2.19%
After expenses, before tax
Annual rent income
$27,656
After vacancy
Annual expenses
$11,250
Net annual income
$16,406
How does your yield compare?
Rent breakdown
Per week
$532
Per month
$2,305
Per year
$27,656
How this calculator works
New Zealand rental yields have compressed significantly over the past decade as property prices outpaced rental growth. Most NZ residential investment properties now yield 3–5% gross, with higher yields available in regional centres and lower yields in Auckland and Wellington.
The NZ rental market commonly quotes rent in weekly amounts rather than monthly, reflecting traditional tenancy structures. This calculator accepts weekly rent input and converts appropriately.
Net yield deducts all annual ownership costs from gross rental income. Key costs for NZ rental properties include: property management fees (8–10% of rent), rates (council and water), landlord insurance, maintenance and repairs, and accounting fees. Mortgage interest was previously deductible for NZ investment properties but deductibility rules changed significantly in 2021–2024 — consult a tax professional for current rules.
The bright-line test means capital gains on properties sold within the applicable bright-line period are taxable. For investment properties acquired after 1 July 2024, a 2-year bright-line period applies. These tax changes affect the investment calculus — yields and after-tax returns look different once current tax rules are applied.
Worked example
- 1Annual gross rent: $500 × 52 = $26,000
- 2Effective rent (4% vacancy): $26,000 × 0.96 = $24,960
- 3Gross yield: $24,960 / $650,000 × 100 = 3.84%
- 4Net income: $24,960 - $12,000 = $12,960
- 5Net yield: $12,960 / $650,000 × 100 = 1.99%
Frequently Asked Questions
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Try calculatorDisclaimer: Calculations are estimates for general guidance only and do not constitute financial advice. Mortgage rates, LVR restrictions, and lending criteria vary by lender and may be subject to RBNZ requirements. Consult a registered financial adviser before making property decisions.