The average price of residential property in North Shore City, New Zealand, was the highest in the Auckland region in December 2024, with an average sale price of around 1.21 million New Zealand dollars. In the same month, the regional median house price was around one million 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 500 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.

In the year ended November 2019, the average sales price of residential properties sold in Eastern Auckland Suburbs, New Zealand amounted to over 1.2 million New Zealand dollars. Auckland property prices have soared in recent years, with average sales prices continuing to increase across most districts.

Herne Bay in Auckland was the most expensive residential housing suburb in New Zealand in 2023, with a median property value of over 3.1 million New Zealand dollars. In comparison, the median property value in the Flagstaff suburb of Hamilton came to around 1.07 million New Zealand dollars.