Auckland Central Harbourside
Average House Price Values in the Auckland Region 2013 – 2017
| Location | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 |
|---|---|---|---|---|---|
| Auckland North Shore- Coastal | $1,370,000 | $1,269,000 | $1,113,000 | $979,000 | $861,000 |
| Auckland North Shore – Onewa | $954,000 | $888,000 | $779,000 | $671,000 | $586,000 |
| Auckland North Shore – North Harbour | $1,184,000 | $1,090,000 | $934,000 | $819,000 | $716,000 |
| Waitakere City | $826,000 | $765,000 | $657,000 | $558,000 | $482,000 |
| Auckland Central City | $1,076,000 | $982,000 | $856,000 | $758,000 | $685,000 |
| Auckland City – East | $1,524,000 | $1,400,000 | $1,241,000 | $1,050,000 | $921,000 |
| Auckland City – South | $1,096,000 | $1,013,000 | $901,000 | $749,000 | $671,000 |
| Auckland City – Islands | $1,074,000 | $933,000 | $835,000 | $742,000 | $683,000 |
| Manukau – East | $1,269,000 | $1,055,000 | $905,000 | $791,000 | $694,000 |
| Manukau – Central | $684,000 | $643,000 | $524,000 | $452,000 | $396,000 |
| Manukau – North West | $774,000 | $706,000 | $577,000 | $484,000 | $421,000 |
| All of Auckland Area | $1,044,000 | $956,000 | $829,000 | $714,000 | $631,000 |
Market Analysis
The monthly property price values in the table above are sourced by Quotable Value Limited.
There has been a slowdown in house values over the last 12 months with Auckland experiencing 5 % annual growth and effectively no increase in value since October 2016. The efforts to cool the Auckland property market, with new regulations introduced from October 2015 requiring investors in Auckland property to have at least a 30% deposit, seem to be having an effect.
In Barfoot and Thompson’s July 2017 update, their average property sale price was $908,000 for Auckland. Managing Director Peter Thompson said, “Despite fewer new listings, by the end of the month we had 4088 available listings, 36 percent higher when compared to July last year and down only 5 percent from June.”
He continued, “At the same time, sales numbers at 747 meant this was the quietest July since 2010.”
According to REINZ data, house prices in Auckland Region had a median price of $830,000 in July 2017 and the Auckland housing market continues to slow.
Return to the NZ House Prices page.