House Prices in Auckland

Auckland Central Harbourside
Auckland Central Harbourside


Average House Prices in the Auckland Region 2009 – 2014

Location May 2014 May 2013 May 2012 May 2011 May 2010 May 2009
Auckland North – Albany $800,000 $720,000 $658,000 $640,000 $620,000 $620,000
Auckland North – Birkenhead $706,000 $635,000 $570,000 $520,000 $535,000 $483,000
Auckland Central – Eastern Suburbs $1,010,000 $910,000 $829,000 $800,000 $770,000 $720,000
Auckland Central City $378,000 $340,000 $312,000 $315,000 $350,000 $325,000
Auckland Central – Mt Eden / Epsom $914,000 $823,000 $735,000 $690,000 $652,000 $551,000
Auckland West – Henderson Area $478,000 $430,000 $383,000 $370,000 $365,000 $357,000
Auckland South – Papatoetoe $444,000 $400,000 $365,000 $345,000 $330,000 $325,000
All of Auckland Area $590,000 $531,000 $478,000 $460,000 $456,000 $430,000

Market Analysis

The prices in the table above are medians taken over 12 month periods, sourced by the Real Estate Institute of New Zealand.

According to REINZ data, house prices in Auckland Region set a median price of $625,000 in May 2014 and the Auckland housing market remains one of the the strongest in New Zealand. REINZ Chief Executive Helen O’Sullivan commented that, “Vendors are starting to become more realistic on price expectations, although the number of listings continues to be an issue across the region.”

Figures from to Quotable Value also show that Auckland leads the way in the housing market. The average property value in the whole of Auckland over the three months to June 2014 was $718,000 up over 12% from June 2013. Both Auckland North Shore and Auckland City now have average property values of around $750,000.

In Barfoot and Thompson’s June 2014 update, their average property sale price was $714,000 for Auckland. Chief Executive Officer Wendy Alexander said, “While the number of sales at 1037 for the month was lower by 6.5 percent on those for May, and right in line with those for May last year, the demand for higher value properties from prospective buyers saw the average sales price increase by $11,000 over that for May.”

Return to the NZ House Prices page.


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

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