House prices vary between New Zealand’s cities and towns. In general, North Island prices are higher than South Island prices, and Auckland prices are higher than prices in other cities.
According to Quotable Value the average price of a New Zealand property was $411,700 using three months data up to in May 2012. Property values are up 1.0% over the past three months, 3.9% up over the past year and in May 2012 were 2.0% below the previous market peak of late 2007.
Here are guides to prices over the past five years in different suburbs and towns in New Zealand’s North and South Islands.
House Prices in Different Suburbs
House Prices in Auckland
The average sale price in Auckland Region is over $500,000. Property prices for various suburbs in Auckland including Albany, Birkenhead, Central City, Epsom, Henderson Area and Papatoetoe.
House Prices in Wellington
Property prices for Central Wellington, Eastern Wellington, Hutt Valley and Northern Wellington.
House Prices in North Island Towns
Property prices for Whangarei, Hamilton. Tauranga, Napier, New Plymouth and Palmerston North.
House Prices in Christchurch
Property prices for various suburbs in Christchurch including Avonhead, Fendalton, Redcliffs, Hillmorton, Spreydon and Avonside.
House Prices in South Island Towns
Property prices for Nelson, Rangiora, Timaru, Queenstown, Dunedin and Invercargill.
We update regional house prices every month in the news section of the site. This is a broader brush approach than used in the suburb-by-suburb prices in the list of links above.