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 Real Estate Institute of New Zealand (REINZ) the median sale price of a New Zealand property, excluding Auckland, was $600,000 for the month of October 2020. Property values are up 15.4 percent over the past year. Auckland’s median house price increased by 16.3 percent to $1,000,000.
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Here are guides to prices over the past few years in different cities 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 $1,000,000. Auckland suburbs include Albany, Birkenhead, Central City, Epsom, Henderson Area and Papatoetoe.
House Prices in Wellington
The average sale price in Wellington Region is over $600,000 according to REINZ, an increase of over 14% in the last 12 months . Property asking prices are detailed for dwellings ranging from a five plus bedroomed property to a one/two bedroomed home.
House Prices in North Island Towns
Property prices for Whangarei, Hamilton. Tauranga, Napier, New Plymouth and Palmerston North.
House Prices in Christchurch
The average sale price in Christchurch for a property is over $450,000 according to REINZ. Christchurch suburbs include Avonhead, Fendalton, Redcliffs, Hillmorton, Spreydon and Avonside.
House Prices in South Island Towns
Property prices for Nelson, Rangiora, Timaru, Queenstown, Dunedin and Invercargill.