The average price of residential property in Auckland City, New Zealand, was the highest in the Auckland region in June 2025, with an average sale price of around *** million New Zealand dollars. In the same month, the regional median house price was around ******* New Zealand dollars across Auckland. Housing costs The average sale price of residential property in Auckland has fluctuated over the past months. While housing affordability has improved slightly as the median house price has begun to stabilize, Auckland still has one of the least affordable housing markets in the developed world. The average weekly rent in the city has been over *** New Zealand dollars a week since 2016, with the Auckland region having one of the highest mean rents for residential housing across the country. Residential housing construction New Zealand's new residential dwelling consents hit a five-year low in 2024. The number of building consents granted for new homes in the Auckland region declined that same year, following a trend of year-on-year decreases since 2021. Nonetheless, a stronger pipeline of residential housing development is expected between late 2025 and 2029, hopefully providing some relief from the supply and demand imbalance.

Graph and download economic data for Real Residential Property Prices for New Zealand (QNZR628BIS) from Q2 1962 to Q2 2025 about New Zealand, residential, HPI, housing, real, price index, indexes, and price.

Monthly real estate statistics for Auckland including median prices, days on market, and sales volumes.

Housing Index in New Zealand increased to 2291 Points in October from 2287 Points in September of 2025. This dataset provides - New Zealand House Prices MoM Change - actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Zealand has one of the highest house price-to-income ratios in the world; nonetheless, since the first quarter of 2022, the country's house price-to-income ratio started to trend downward. In the first quarter of 2025, the ratio was *****, a decrease from the same quarter of the previous year. This ratio was calculated by dividing nominal house prices by nominal disposable income per head, and is considered a measure of affordability. Homeownership dream New Zealand has been in what is widely considered a housing bubble. The disproportionately large increases in residential house prices have placed the dream of owning their own home out of reach for many in the country. In 2025, around ** percent of residential properties were sold for over a million New Zealand dollars. The majority of mortgage lending in the country went to owner-occupiers where the property was not their first home, with first-home buyers often struggling to secure a loan. In general, only New Zealand residents and citizens can buy homes in the country to live in, with new regulations tightening investment activity in that market. Rent affordability Due to New Zealand's high property prices, many individuals and families are stuck renting for prolonged periods. However, with rent prices increasing across the country and the share of monthly income spent on rent trending upwards in tandem with a highly competitive rental market, renting is becoming a less appealing prospect for many. The Auckland and Bay of Plenty regions had the highest weekly rent prices across the country as of December 2024, with the Southland region recording the lowest rent prices per week.

In June 2025, the Papakura district recorded the largest annual change in residential property prices in Auckland, New Zealand, with a decrease of *** percent compared to June of the previous year. Across the entire Auckland region, Auckland City had the highest average residential property sales price.

Average House Prices in New Zealand increased to 902020 NZD in October from 900521 NZD in September of 2025. This dataset includes a chart with historical data for New Zealand Average House Prices.

In October 2025, the average sales price of residential properties sold in Auckland, New Zealand amounted to around ******* New Zealand dollars. Auckland property prices peaked in November 2021, with prices gradually declining throughout 2022 and early 2023.

Key information about House Prices Growth

• New Zealand house prices dropped 0.7% YoY in Jun 2025, following a decrease of 1.7% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Dec 1990 to Jun 2025, with an average growth rate of 0.0%.

House Price Index YoY in New Zealand increased to 0 percent in October from -0.10 percent in September of 2025. This dataset includes a chart with historical data for New Zealand House Price Index YoY.

New Zealand NZ: Price to Income Ratio: sa data was reported at 105.825 2015=100 in Mar 2025. This records a decrease from the previous number of 107.289 2015=100 for Dec 2024. New Zealand NZ: Price to Income Ratio: sa data is updated quarterly, averaging 88.910 2015=100 from Mar 1986 (Median) to Mar 2025, with 157 observations. The data reached an all-time high of 142.895 2015=100 in Dec 2021 and a record low of 46.819 2015=100 in Mar 1987. New Zealand NZ: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s New Zealand – Table NZ.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

The average price of residential property in New Zealand in December 2024 was around ******* New Zealand dollars. Auckland had the highest average sales price across the country's regions that year at around *********** New Zealand dollars.

Denmark Property Price: DR: Capital Region: North Zealand (NZ) data was reported at 20,974.000 DKK/sq m in Mar 2018. This records an increase from the previous number of 20,849.000 DKK/sq m for Dec 2017. Denmark Property Price: DR: Capital Region: North Zealand (NZ) data is updated quarterly, averaging 16,474.000 DKK/sq m from Mar 1992 (Median) to Mar 2018, with 105 observations. The data reached an all-time high of 24,556.000 DKK/sq m in Dec 2006 and a record low of 5,344.000 DKK/sq m in Mar 1993. Denmark Property Price: DR: Capital Region: North Zealand (NZ) data remains active status in CEIC and is reported by Association of Danish Mortgage Banks. The data is categorized under Global Database’s Denmark – Table DK.P002: Property Price: by Region.

The house price-to-rent ratio in New Zealand in the fourth quarter of 2024 was *****, marking a decrease from the same quarter of the previous year. This ratio was calculated by dividing nominal house prices by rent price indices.

This is the look-up table for Building Age and is part of the set of District Valuation Roll (DVR) data.

The Building Age look-up table is used by the NZ Properties: National District Valuation Roll table.

Look-up tables are provided to make it easier to interpret coded DVR attributes and are given as reference data, pre-populated with fixed values defined in the Rating Valuations Rules 2008.

More information Please refer to the NZ Properties Data Dictionary for detailed metadata and information about this table.

New Zealand NZ: Standardised Price-Income Ratio: sa data was reported at 131.448 Ratio in Mar 2025. This records a decrease from the previous number of 133.266 Ratio for Dec 2024. New Zealand NZ: Standardised Price-Income Ratio: sa data is updated quarterly, averaging 110.437 Ratio from Mar 1986 (Median) to Mar 2025, with 157 observations. The data reached an all-time high of 177.494 Ratio in Dec 2021 and a record low of 58.155 Ratio in Mar 1987. New Zealand NZ: Standardised Price-Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s New Zealand – Table NZ.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

New Zealand NZ: Price to Rent Ratio: sa data was reported at 126.531 2015=100 in Sep 2024. This records a decrease from the previous number of 129.205 2015=100 for Jun 2024. New Zealand NZ: Price to Rent Ratio: sa data is updated quarterly, averaging 42.985 2015=100 from Mar 1970 (Median) to Sep 2024, with 219 observations. The data reached an all-time high of 163.028 2015=100 in Dec 2021 and a record low of 30.866 2015=100 in Dec 1970. New Zealand NZ: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s New Zealand – Table NZ.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by rent price indices

This is the look-up table for Price Value Relationship and is part of the set of District Valuation Roll (DVR) data.

The Price Value Relationship look-up table is used by the NZ Properties: National District Valuation Roll table.

Look-up tables are provided to make it easier to interpret coded DVR attributes and are given as reference data, pre-populated with fixed values defined in the Rating Valuations Rules 2008.

More information Please refer to the NZ Properties Data Dictionary for detailed metadata and information about this table.

This dataset provides a non-spatial data table linked to the unique Unit of Property ID. The table contains local Territorial Authority (TA) IDs or the IDs of other agencies that provide perspectives. In future this may change to become a number of tables with potentially other property-related links included.

This table forms part of a national set of Connected Property Data conforming to the Property Data Management Framework (PDMF) that will deliver packages of data about properties. This is known as the NZ Property Spine.

Initially, properties represented in the NZ Property Spine will meet the definition of a rating unit as defined by the Rating Valuation Rules 2008 (for the Valuation perspective). Future properties will meet the rules defined for their appropriate perspectives. The Perspective for each property in the NZ Property Spine is listed in this table.

The table contains the fields perspective_type and source_id that allows identification of the type of property, and the source of the property. A property must have one or more perspectives.

The table is updated on a weekly basis.

Related tables Together with the NZ Properties: Property Title Reference and Unit of Property tables, this dataset will provide a national spatial representation of property boundaries along with the type and source of the property. Otherwise known as the NZ Property Spine.

Please refer to the NZ Properties Data Dictionary for detailed metadata and information about this table and its relationships to other tables in this collection.

This is the look-up table for Property Category and is part of the set of District Valuation Roll (DVR) data.

The Property Category look-up table is used by the NZ Properties: National District Valuation Roll table.

Look-up tables are provided to make it easier to interpret coded DVR attributes and are given as reference data, pre-populated with fixed values defined in the Rating Valuations Rules 2008.

More information Please refer to the NZ Properties Data Dictionary for detailed metadata and information about this table.