Average House Price | North Shore | Central City | South Auckland
Auckland Central Harbourside
According to REINZ data, house prices in Auckland set a new record median price of $500,000 in May 2012 up 10 per cent on the previous monthly high set in March 2012.
REINZ Chief Executive Helen O’Sullivan commented that: “The Auckland market had a strong month in May, with a sizeable lift in volumes and a new record median high. First home buyers and investors are active in the market at lower price levels, but the real driver of these results is the shortage of housing.”
According to Quotable Value, Auckland leads the way in house price rises too. The average sale price in the whole of Auckland over the three months to May 2012 was $545,577. Both Auckland North Shore and Auckland City achieved average sale prices over $600,000.
In Barfoot and Thompson’s May 2012 update Managing Director Peter Thompson said: “The low number of new homes built in past years, coupled with Auckland’s population growth, has created a situation where supply remains the issue, and this is reflected in the prices being obtained.” The average sale price reached a new record of $582,000.
| Location | May 2012 | May 2011 | May 2010 | May 2009 | May 2008 | May 2007 |
|---|---|---|---|---|---|---|
| Auckland North – Albany | $658,000 | $640,000 | $620,000 | $620,000 | $630,000 | $590,000 |
| Auckland North – Birkenhead | $570,000 | $520,000 | $535,000 | $483,000 | $515,000 | $490,250 |
| Auckland Central – Eastern Suburbs | $829,000 | $800,000 | $770,000 | $720,000 | $765,000 | $730,500 |
| Auckland Central City | $312,000 | $315,000 | $350,000 | $325,000 | $349,000 | $356,250 |
| Auckland Central – Mt Eden / Epsom | $735,000 | $690,000 | $652,000 | $551,000 | $630,000 | $577,000 |
| Auckland West – Henderson Area | $383,000 | $370,000 | $365,000 | $357,000 | $370,000 | $350,000 |
| Auckland South – Papatoetoe | $365,000 | $345,000 | $330,000 | $325,000 | $340,000 | $320,000 |
| All of Auckland Area | $478,000 | $460,000 | $456,000 | $430,000 | $445,000 | $420,000 |
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The prices in the table above are medians taken over 12 month periods, sourced by the Real Estate Institute of New Zealand.
Return to the NZ House Prices page.
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?