NZ Flatting Costs Calculator
This calculator works out the true weekly cost of flatting in New Zealand, so you know exactly what a room is going to cost you before you sign a tenancy agreement. Rent is only part of the picture, so you enter your weekly rent, how many flatmates you are splitting bills with, the total household power, internet and water bills (monthly), your annual contents insurance, and your own weekly groceries and transport costs. The calculator divides the shared power, internet and water bills evenly between flatmates and adds them to your rent, insurance, groceries and transport to give your total weekly flatting budget, shown alongside your bills share and the annual cost if you multiply by 52 weeks. A detailed breakdown lists every weekly cost line by line, and a separate panel works out what you need to move in: bond capped at four weeks rent, two weeks rent in advance, your annual insurance premium, and the fact that letting fees have been banned since December 2018, all added into a total upfront cost. It also applies the common 50 percent rule to estimate the take-home income you would need to comfortably afford the flat. Adjust any figure to match your actual flat, whether you are comparing listings or budgeting before you move, and remember these are indicative New Zealand figures that vary by region, household size and lifestyle.
