House Prices in Auckland

Auckland Central Harbourside
Auckland Central Harbourside


Average House Price Values in the Auckland Region 2012 – 2015

Location May 2015 May 2014 May 2013 May 2012
Auckland North Shore- Coastal $1,113,000 $979,000 $861,000 $760,000
Auckland North Shore – Onewa $779,000 $671,000 $586,000 $517,000
Auckland North Shore – North Harbour $934,000 $819,000 $716,000 $642,000
Waitakere City $657,000 $558,000 $482,000 $425,000
Auckland Central City $856,000 $758,000 $685,000 $604,000
Auckland_City – East $1,241,000 $1,050,000 $921,000 $828,000
Auckland City – South $901,000 $749,000 $671,000 $580,000
Auckland City – Islands $835,000 $742,000 $683,000 $642,000
Manukau – East $905,000 $791,000 $694,000 $616,000
Manukau – Central $524,000 $452,000 $396,000 $355,000
Manukau – North West $577,000 $484,000 $421,000 $374,000
All of Auckland Area $829,000 $714,000 $631,000 $562,000

Market Analysis

The monthly property price values in the table above are sourced by Quotable Value Limited.

Figures from to Quotable Value show that Auckland leads the way in the housing market. The average property value in the whole of Auckland in June 2015 was $840,000 up over 17% from June 2014. In an effort to cool the Auckland property market, new regulations will be introduced from October 2015 requiring investors in Auckland property to have at least a 30% deposit.

In Barfoot and Thompson’s June 2015 update, their average property sale price was $826,000 for Auckland. Managing Director Peter Thompson said, “While the new Government and Reserve Bank measures which are due to come into effect in October are likely to be having some impact on prices, as will the approach of winter, there is also a growing feeling among buyers and sellers that homes are close to being fully priced.”

He continued, “As we enter winter choice will remain a challenge, and at the end of June we had only 2959 properties on our books. June was the third month in a row when the number of properties for sale at month end declined, and choice is now the most limited it has been since last Christmas/New Year. During the month 370 properties sold for in excess of $1 million, nearly a third of the homes sold during the month being in this price category.While homes for sale under $500,000 are still available, in June only 159 or 13.6 percent of all the homes sold fell into this price segment.”

According to REINZ data, house prices in Auckland Region set a median price of $749,000 in May 2015 and the Auckland housing market remains the strongest in New Zealand.

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Comments

  1. Elliot Shayle says:

    Are most Auckland residences, apartments/flats, and what is the quality of them? By this I mean what size are they and what amenities and views do they have? Also what is the range of prices within each administrative region?

  2. No most auckland houses are stand alone 3 bedroom dwellings squeezed into someones backyard.

    There are allot of apartment options in the city centre, not much in the way of terraced houses