New Zealand’s DTI rule (most owner-occupier lending within 6× gross income; banks can lend 20% of new lending above it) and 20% deposit standard set a clear income floor for each price point. This section answers the question from the other direction: if you’re looking at a home at a specific price, what income do you actually need?
Income Required by Property Price
- Income Needed to Afford a $500k Home NZ — salary, deposit, and repayments for a $500,000 property
- Income Needed to Afford a $600k Home NZ — salary, deposit, and repayments for a $600,000 property
- Income Needed to Afford a $700k Home NZ — salary, deposit, and repayments for a $700,000 property
- Income Needed to Afford a $800k Home NZ — salary, deposit, and repayments for a $800,000 property
- Income Needed to Afford a $900k Home NZ — salary, deposit, and repayments for a $900,000 property
- Income Needed to Afford a $1M Home NZ — salary, deposit, and repayments for a $1,000,000 property
- Income Needed to Afford a $1.2M Home NZ — salary, deposit, and repayments for a $1,200,000 property
- Income Needed to Afford a $1.5M Home NZ — salary, deposit, and repayments for a $1,500,000 property
- Income Needed to Afford a $2M Home NZ — salary, deposit, and repayments for a $2,000,000 property
Quick Reference (2026)
| Property price | 20% deposit needed | Loan amount | Income needed (DTI 6×) |
|---|---|---|---|
| $500,000 | $100,000 | $400,000 | ~$67,000 |
| $600,000 | $120,000 | $480,000 | ~$80,000 |
| $700,000 | $140,000 | $560,000 | ~$93,000 |
| $800,000 | $160,000 | $640,000 | ~$107,000 |
| $900,000 | $180,000 | $720,000 | ~$120,000 |
| $1,000,000 | $200,000 | $800,000 | ~$133,000 |
| $1,200,000 | $240,000 | $960,000 | ~$160,000 |
| $1,500,000 | $300,000 | $1,200,000 | ~$200,000 |
| $2,000,000 | $400,000 | $1,600,000 | ~$267,000 |
Income figures are indicative based on DTI 6× and assume no other debt. Banks also apply a serviceability stress test.
Also in Mortgages
- How Much Can I Borrow NZ? — By Salary — start from your income instead
- Can I Afford a House in NZ? — affordability reality check by city
- DTI Restrictions NZ — the RBNZ 6× threshold explained
- Mortgage Repayments by Loan Size NZ — weekly and monthly repayment figures