House prices relative to rents: NZ and other countries: data and downloads
New Zealand was 121.8 index in Mar 2026 qtr, down 2.0% on a year earlier.
Updated
Source: OECD. Last retrieved 10 October 2026.
In Dec 2024 qtr, the latest period all 6 comparison countries have. New Zealand's newer value is 121.82 (Mar 2026 qtr; index).
In Dec 2024 qtr, the latest period all 6 comparison countries have.
House prices relative to rents: NZ and other countries
New ZealandAustraliaUnited KingdomCanadaUnited StatesOECD
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| Period | New Zealand (index) | Australia (index) | United Kingdom (index) | Canada (index) | United States (index) | OECD (index) |
|---|---|---|---|---|---|---|
| Dec 2024 qtr | 125.3 | 130.2 | 112.3 | 134.6 | 133.2 | 131.1 |
| Sep 2024 qtr | 126.6 | 130.1 | 113.0 | 134.9 | 132.7 | 131.1 |
| Jun 2024 qtr | 129.1 | 130.5 | 114.8 | 136.6 | 132.9 | 131.8 |
| Mar 2024 qtr | 131.3 | 130.8 | 115.9 | 137.2 | 132.8 | 132.3 |
| Dec 2023 qtr | 132.6 | 131.3 | 117.5 | 140.6 | 133.0 | 133.4 |
| Sep 2023 qtr | 133.7 | 130.7 | 119.9 | 144.3 | 133.4 | 134.3 |
| Jun 2023 qtr | 133.7 | 130.5 | 122.1 | 140.9 | 132.4 | 134.4 |
| Mar 2023 qtr | 134.5 | 130.6 | 125.5 | 141.8 | 132.1 | 135.0 |
| Dec 2022 qtr | 139.4 | 132.2 | 128.1 | 146.8 | 133.9 | 136.5 |
| Sep 2022 qtr | 145.5 | 135.2 | 128.8 | 152.4 | 136.7 | 138.4 |
| Jun 2022 qtr | 153.1 | 140.3 | 127.9 | 160.0 | 139.8 | 138.9 |
| Mar 2022 qtr | 158.8 | 143.0 | 126.3 | 156.9 | 138.0 | 136.1 |
| Dec 2021 qtr | 163.1 | 141.5 | 122.8 | 151.2 | 134.3 | 132.0 |
| Sep 2021 qtr | 158.0 | 136.5 | 120.6 | 146.9 | 130.9 | 128.4 |
| Jun 2021 qtr | 151.9 | 129.1 | 121.2 | 143.2 | 126.3 | 124.8 |
| Mar 2021 qtr | 145.3 | 121.3 | 119.6 | 137.9 | 121.6 | 121.4 |
| Dec 2020 qtr | 134.6 | 114.8 | 116.7 | 133.8 | 117.8 | 118.5 |
| Sep 2020 qtr | 126.7 | 112.4 | 112.9 | 128.4 | 113.2 | 115.2 |
| Jun 2020 qtr | 121.7 | 110.6 | 112.3 | 126.2 | 109.6 | 113.0 |
| Mar 2020 qtr | 121.6 | 111.3 | 113.2 | 125.2 | 109.7 | 112.6 |
| Country | Value (index) in Dec 2024 qtr |
|---|---|
| New Zealand | 125.3 |
| Australia | 130.2 |
| Canada | 134.6 |
| OECD | 131.1 |
| United Kingdom | 112.3 |
| United States | 133.2 |
December 2024 quarterNew Zealand 125.3Australia 130.2United Kingdom 112.3Canada 134.6United States 133.2OECD 131.1
Lines break at accounting-basis changes and missing periods. Source: OECD.
House prices relative to rents: NZ and other countries: data and downloads: definitions
The OECD's price-to-rent ratio: house prices divided by rents, as an index (2015 = 100), quarterly from 1990. A high ratio means buying is expensive relative to renting.
House prices relative to rents: NZ and other countries: data and downloads: comparison limits
These affect how the figures can be compared.
- An index of change within each country, not a cross-country comparison of levels.
House prices relative to rents: NZ and other countries: data and downloads: data by period
The latest ten periods for up to the first six series. Downloads contain every published observation.
| Period | New Zealand | Australia | United Kingdom | Canada | United States | OECD |
|---|---|---|---|---|---|---|
| Jun 2026 qtr | Not available | Not available | 109.9 index | 119.4 index | Not available | Not available |
| Mar 2026 qtr | 121.8 index | Not available | 110.1 index | 122.5 index | Not available | Not available |
| Dec 2025 qtr | 121.5 index | Not available | 110.5 index | 124.6 index | Not available | Not available |
| Sep 2025 qtr | 122.7 index | 133.9 index | 110.7 index | 125.6 index | Not available | 130.6 index |
| Jun 2025 qtr | 123.7 index | 131.0 index | 110.4 index | 129.1 index | Not available | 130.7 index |
| Mar 2025 qtr | 124.3 index | 129.9 index | 112.3 index | 133.6 index | Not available | 131.3 index |
| Dec 2024 qtr | 125.3 index | 130.2 index | 112.3 index | 134.6 index | 133.2 index | 131.1 index |
| Sep 2024 qtr | 126.6 index | 130.1 index | 113.0 index | 134.9 index | 132.7 index | 131.1 index |
| Jun 2024 qtr | 129.1 index | 130.5 index | 114.8 index | 136.6 index | 132.9 index | 131.8 index |
| Mar 2024 qtr | 131.3 index | 130.8 index | 115.9 index | 137.2 index | 132.8 index | 132.3 index |
House prices relative to rents: NZ and other countries: data and downloads: questions for your AI
Download the file, attach it in the assistant you use, then paste the prompt. Whatever it tells you is its reading of the data, not ours.
- 1Download house-price-to-rent-international.csv
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The attached CSV is House prices relative to rents: NZ and other countries (house-price-to-rent-international), from OECD, Analytical house prices indicators. Describe how each measure has changed, naming its unit and period. Treat changes in basis and missing periods as breaks. Distinguish observation from explanation. Limitations: An index of change within each country, not a cross-country comparison of levels.. Do not infer causation from changes during government terms.
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House prices relative to rents: NZ and other countries: data and downloads: sources
The source publication, licence and snapshot used to build this page.
- Organisation
- OECD, Analytical house prices indicators
- Licence
- OECD Terms and Conditions (Data), reuse including commercial with citation. OECD (2026), Analytical house prices indicators, OECD Data Explorer, https://data-explorer.oecd.org/ (accessed on 10 October 2026). Figures selected and transformed by NZ in Numbers. Anyone reusing these figures must keep this OECD citation.
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- Snapshot
- data/raw/oecd-house-prices/2026-10-10_c0fd88c65b58.csv
- SHA256
- c0fd88c65b58b47a6d5827a3ad1ddde7e82ea46988090c43bb366d893357f955
- Retrieved
- 10 October 2026