Upmarket House, New Zealand
Average House Prices for Selected Auckland House Types 2016 – 2020
| Property Type | mid 2020 | mid 2019 | mid 2018 | mid 2017 | mid 2016 |
|---|---|---|---|---|---|
| House with 5+ bedrooms | $1,389,250 | $1,271,600 | $1,335,650 | $1,396,300 | $1,294,850 |
| House with 3 – 4 bedrooms | $964,000 | $890,950 | $911,450 | $922,850 | $876,850 |
| House with 1 – 2 bedrooms | $729,000 | $639,000 | $659,500 | $686,700 | $641,550 |
| Apartments | $712,250 | $660,800 | $655,750 | $614,150 | $538,150 |
| Townhouses | $814,550 | $828,000 | $874,050 | $847,450 | $810,700 |
| Units | $643,400 | $612,750 | $615,050 | $621,300 | $591,900 |
Market Analysis
The prices in the table above are average asking prices taken over a 3 month period, sourced by Trade Me Property.
This method uses an “80% truncated mean” of the expected sale price. This method excludes the upper and lower 10% of listings by price, and then averages the expected sale prices of the remaining properties.
Trade Me Property’s Aaron Clancy said “The July asking price in the Auckland region was up by 7.8% when compared with July last year, sitting at $943,950. In Auckland City, the average asking price was $1,088,250 – a 9% increase on the same month in 2019.”
According to the data from REINZ, the Auckland region median house price increased in the last 12 months to October 2020 to $1,000,000.
Their October 2020 report noted that, “With Auckland City ($1,200,000), Manukau City ($1,001,000 – a new record) and North Shore City ($1,150,000) all having median house prices in excess of $1 million it’s not surprising that the Auckland region hit the million-dollar mark.”
In Barfoot and Thompson’s October 2020 update their Auckland average sales price for the month was $1,045,104.
Peter Thompson, Managing Director of Barfoot & Thompson said, “While there is strong interest in property from first time buyers and investors, the vast majority of homes continue to be bought by existing property owners who are moving forward with their lifestyle decisions in terms of their housing ambitions.”
He continued, “For existing homeowners the financial gap between their present and next home is manageable, and they are taking advantage of low interest rates to transition to the next stage of their lives.”
Average Sale Price in the Auckland Regions 2016 – 2020
| Location | 12 months to Sept-20 | 12 months to Sept-19 | 12 months to Sept-18 | 12 months to Sept-17 | 12 months to Sept-16 |
|---|---|---|---|---|---|
| Central Auckland | $701,485 | $691,653 | $596,383 | $566,540 | $680,272 |
| Central Suburbs | $1,226,740 | $1,078,233 | $1,094,875 | $1,069,001 | $1,023,228 |
| Eastern Suburbs | $1,248,935 | $1,213,248 | $1,183,975 | $1,191,281 | $1,112,488 |
| Franklin / Manukau Rural | $783,474 | $763,413 | $692,790 | $817,263 | $722,699 |
| North Shore | $1,121,861 | $1,066,114 | $1,098,840 | $1,101,571 | $1,074,227 |
| Pakuranga / Howick | $1,170,951 | $1,066,184 | $1,078,966 | $1,099,961 | $1,041,581 |
| Rodney | $972,413 | $926,993 | $899,511 | $932,941 | $877,492 |
| South Auckland | $764,863 | $718,732 | $721,035 | $740,995 | $694,880 |
| West Auckland | $856,323 | $804,128 | $779,174 | $789,190 | $778,652 |
The prices in the table above are average sale prices sourced by Barfoot and Thompson over 12 month periods.
Auckland house prices from 2012 – 2017 are tabled on this page.
Return to the NZ House Prices page.
It seems that there’s been a drop of 16.5% in the average house price in the Auckland region.
Compare $1,044,000 in May 2017 to $895,500 in July 2018.
https://www.stuff.co.nz/business/property/106396280/auckland-house-prices-slip-and-not-set-to-gain-traction-soon–trade-me
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
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?
No, not all; only city side areas have apartments and beyond that single or multi-storey homes with a little bit of space around. Recommended size to buy an apartment is 50 sq m, banks are reluctant to finance smaller than this size. Prices vary depending on closeness to motorway, business area, amenities, etc.