Average Assistant Property Manager Salary in New Zealand for 2024

In this article, we will look at the average Assistant Property Manager salary for 2024 in New Zealand and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the New Zealand dollar. To keep things simple, we are using the NZD currency code instead of the currency symbol $.

How Much Does an Assistant Property Manager Make in New Zealand?

An Assistant Property Manager working in New Zealand will typically earn around 107,300 NZD per year, and this can range from the lowest average salary of about 55,400 NZD to the highest average salary of 164,100 NZD.

Average Annual Salary
107,300 NZD
Average Monthly Salary
8,941 NZD

Lowest Annual Salary
55,400 NZD
Lowest Monthly Salary
4,616 NZD

Highest Annual Salary
164,100 NZD
Highest Monthly Salary
13,675 NZD

These are average salaries for an Assistant Property Manager in New Zealand and include benefits such as housing and transport. It's also possible for an Assistant Property Manager to earn more or less than the average salaries shown above.

Assistant Property Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Assistant Property Manager Salaries in New Zealand

So we've looked at the average salaries an Assistant Property Manager will earn in New Zealand. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Assistant Property Manager can earn between 55,400 NZD and 164,100 NZD on average in New Zealand. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Assistant Property Manager in New Zealand is 105,200 NZD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 105,200 NZD, and 50% of the population earn more than 105,200 NZD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Assistant Property Manager salary in New Zealand, 25% of the population are earning less than 71,800 NZD while 75% of the population earn more than 71,800 NZD.

75% of the population earn less than 130,500 NZD, and 25% of the population earn more than 130,500 NZD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Assistant Property Manager Salary by Experience Level in New Zealand

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average assistant property manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Assistant Property Manager in New Zealand that has less than two years of experience can expect to earn somewhere in the region of 61,300 NZD.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Property Manager salary would increase to 81,200 NZD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Property Manager, the average salary would be 111,700 NZD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 132,000 NZD.
  • 15 - 20 Years Experience. An Assistant Property Manager with 15 to 20 years of experience can earn an average of 146,700 NZD.
  • 20+ Years Experience. For an Assistant Property Manager with more than 20 years, the expected average salary increases to 157,600 NZD.

Average Salary by Experience Chart

0-2 Years
61,300 NZD
2-5 Years +31%
81,200 NZD
5-10 Years +40%
111,700 NZD
10-15 Years +20%
132,000 NZD
15-20 Years +9%
146,700 NZD
20+ Years +8%
157,600 NZD

Assistant Property Manager Salary by Education Level in New Zealand

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Assistant Property Manager in New Zealand based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Assistant Property Manager in New Zealand with a high school education can earn an average salary of 68,800 NZD.

  • Certificate or Diploma. An Assistant Property Manager in New Zealand with a certificate or diploma education can earn an average salary of 103,600 NZD.

  • Bachelor's Degree. An Assistant Property Manager in New Zealand with a bachelor's degree education can earn an average salary of 156,200 NZD.

Average Salary by Education Chart

High School
68,800 NZD
Certificate or Diploma +47%
103,600 NZD
Bachelor's Degree +53%
156,200 NZD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in New Zealand is around 40,500 to 122,000 NZD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Assistant Property Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In New Zealand, a male assistant property manager will earn an average of 109,700 NZD, while a female assistant property manager will earn around 102,700 NZD.

This means that a male assistant property manager earns approximately 7% more than a female assistant property manager for performing the same job.

Average Salary by Gender Chart in New Zealand

Male
109,700 NZD
Female -7%
102,700 NZD

Assistant Property Manager Average Pay Raise in New Zealand

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Assistant Property Manager in New Zealand is around 11% every 17 months.

The national average pay raise across all professions and industries in New Zealand is around 8% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 17 ) × 12  = 8%

What this means is that an Assistant Property Manager in New Zealand can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in New Zealand for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in New Zealand.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Assistant Property Manager Bonus and Incentive Rates in New Zealand

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Assistant Property Manager is a high bonus based job, with 80% of employees reporting at least one bonus in the last 12 months.

20% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Received Bonus
80%
No Bonus
20%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in New Zealand earn approximately 5% more than private sector employees in the same role.

Public Sector
97,900 NZD
Private Sector -5%
93,100 NZD

Salaries for Jobs Similar to an Assistant Property Manager

In the table below, we have salary information for jobs that are similar to an Assistant Property Manager in New Zealand.

Job Title Category Salary
Acquisition Associate Real Estate 79,600 NZD
Assistant Leasing Manager Real Estate 107,700 NZD
Brokerage Real Estate 80,800 NZD
Brokerage Clerk Real Estate 42,700 NZD
Commercial Leasing Manager Real Estate 158,700 NZD
Commercial Real Estate Manager Real Estate 175,100 NZD
Community Development Manager Real Estate 146,900 NZD
Compliance Specialist Real Estate 79,600 NZD
Development Coordinator Real Estate 76,900 NZD
Director of Real Estate Real Estate 172,200 NZD
Lease Administrator Real Estate 100,400 NZD
Leasing Agent Real Estate 83,700 NZD
Leasing Consultant Real Estate 103,600 NZD
Leasing Manager Real Estate 114,600 NZD
Lettings Assistant Real Estate 38,900 NZD
Portfolio Analyst Real Estate 142,100 NZD
Portfolio Manager Real Estate 183,600 NZD
Property Acquisition Agent Real Estate 72,300 NZD
Property and Claims Specialist Real Estate 96,400 NZD
Property Manager Real Estate 125,400 NZD
Property Operations Manager Real Estate 161,300 NZD
Property Tax Assistant Real Estate 84,500 NZD
Real Estate Administrator Real Estate 85,800 NZD
Real Estate Agent Real Estate 80,900 NZD
Real Estate Analyst Real Estate 100,700 NZD
Real Estate Appraiser Real Estate 82,200 NZD
Real Estate Appraiser Real Estate 83,300 NZD
Real Estate Appraiser Real Estate 83,800 NZD
Real Estate Assistant Real Estate 79,800 NZD
Real Estate Association Manager Real Estate 112,700 NZD
Real Estate Broker Real Estate 80,700 NZD
Real Estate General Manager Real Estate 163,500 NZD
Real Estate Project Director Real Estate 164,100 NZD
Real Estate Project Manager Real Estate 146,900 NZD
Real Estate Sales Agent Real Estate 79,600 NZD
Real Estate Valuer Real Estate 88,300 NZD
Research Analyst Real Estate 74,700 NZD
Residential Advisor Real Estate 99,600 NZD
Residential Property Manager Real Estate 117,100 NZD
Shopping Center Manager Real Estate 166,600 NZD
Town Planner Real Estate 172,300 NZD

Salary Comparison by City

If you want to compare salaries with different cities in New Zealand, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Auckland 116,400 NZD
Christchurch 114,600 NZD
Hamilton 96,600 NZD
Rotorua 94,400 NZD
Wellington 108,200 NZD

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