The average price of residential property in North Shore City, New Zealand, was the highest in the Auckland region in March 2025, with an average sale price of around 1.175 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.

Graph and download economic data for Real Residential Property Prices for New Zealand (QNZR628BIS) from Q2 1962 to Q4 2024 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 decreased to 2320 Points in May from 2322 Points in April of 2025. This dataset provides - New Zealand House Prices MoM Change - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about House Prices Growth

• New Zealand house prices dropped 0.9% YoY in Sep 2024, following an increase of 1.5% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Dec 1990 to Sep 2024, with an average growth rate of 5.3%.
• House price data reached an all-time high of 30.5% in Sep 2021 and a record low of -12.1% in Mar 2023.

In December 2024, the average sales price of residential properties sold in Auckland, New Zealand amounted to around one million New Zealand dollars. Auckland property prices peaked in November 2021, with prices gradually declining throughout 2022 and early 2023.

The average price of residential property in New Zealand in December 2024 was around 775,000 New Zealand dollars. Auckland had the highest average sales price across the country's regions that year at around one million New Zealand dollars.

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.

Economic data for Auckland region including housing market statistics, employment figures, GDP, retail sales, business confidence, and rental market data.

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.

In October 2020, the North Shore City district recorded the largest annual change in residential property sales in New Zealand, with an increase of 114.5 percent compared to the same month in the previous year. The annual change in average residential house prices in this district increased by 53.2 percent in the same period.

The monthly rent price index in Auckland, New Zealand in November 2024 was 1,706. This was a significant increase in rent prices compared to the base month of November 2006.

In recent years, demand for temporary housing has been one of the most significant issues for the industry. Because of rising rental costs, many have faced the risk of homelessness, with many experiencing financial hardship and persistent economic disadvantage. This has been exacerbated by the economic impacts of recent global events, including the COVID-19 pandemic, with the economic consequences resulting in more individuals and families under financial stress. The shortage of affordable housing and rising rent costs have placed significant pressure on homelessness, which has ramped up demand for crisis accommodation service providers. Industry revenue is expected to increase at an annualised 1.6% over the five years through 2025-26 to $1.8 billion. Greater housing stress has boosted demand for crisis housing in recent years. Family breakdowns are one of the main reasons for housing transiency and are a crucial driver of demand for crisis and refuge accommodation. Inflationary and cost-of-living pressures will sustain industry demand, limiting declines in revenue, which is expected to inch down 0.8% in 2025-26, mainly because of stabilisation in the housing market and gradual economic recovery, easing the need for immediate crisis intervention. The Budget 2025 includes considerable additional money for disability assistance and social housing, including $60 million per year for disability residential care and $128 million over four years for new social housing in Auckland, supporting industry profitability. Several factors, including a shortage of affordable housing, economic hardship, disabilities, mental health conditions and addictions to alcohol, drugs and gambling, influence homelessness. Though these issues suggest a continued demand for crisis and care accommodation services, industry growth is projected to be tempered by cost pressures in 2028-29. Also, while ongoing housing affordability issues and an aging population are anticipated to drive industry growth, funding constraints will limit the expansion rate. Overall, industry revenue is forecast to slightly plunge at an annualised 1.9% over the five years through 2030-31 to $1.6 billion.

In the fourth quarter of 2024, the secondary CBD office vacancy rate in Auckland, New Zealand was at around 22 percent, the highest vacancy rate across all commercial properties. The prime CBD office vacancy rate was at around 10.2 percent in comparison.

In 2018, at a value of over 349 million New Zealand dollars, road construction and maintenance accounted for the largest expenditure from rates (or property taxes) collected by Auckland Council in New Zealand. In the Auckland region, continued population growth has led to a high housing demand, driving the construction of infrastructure associated with new housing developments.

New Zealand's average farm sale prices showed significant regional variations in the three months to November 2024. The price of farm property in the country was the highest in the Nelson/Marlborough/Tasman region as of November 2024, with an average sale price of around ******* New Zealand dollars per hectare. In comparison, in the Auckland region, the average farm sales price came to just over ****** dollars per hectare. A farming nation The agriculture industry is a major economic pillar of the country. The contribution to the nation’s GDP is valued in the billions of New Zealand dollars. Horticulture, livestock, and dairying are all important segments, and the commodities produced within them are exported across the globe. While sheep livestock numbers have declined, they still make up a large share of the country’s livestock population. Horticultural farming While New Zealand exports various horticultural products, including wine grapes, potatoes, and apples, it is perhaps best known for its kiwi fruit. Accordingly, the land area dedicated to kiwi fruit farming has continued to increase over the years. New Zealand’s leading horticultural product export destinations include Asia, Europe, and Australia.

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.

The average rent in the housing market in Marlborough, New Zealand was 555 New Zealand dollars per week as of December 2024. The Auckland and Bay of Plenty regions had the highest mean rents for residential housing across the country at 650 New Zealand dollars per week, respectively.

The cost per square meter for residential housing development of brownfield land in Auckland, New Zealand was estimated to be 1,208 New Zealand dollars in 2018. In the same year, the number of new dwelling consents in the Auckland region increased by about 13.7 percent compared to the previous year.

In 2020, the price of prime residential real estate in Auckland increased by 18 percent. Auckland's prime residential real estate price was forecast to increase by four percent in 2021. In comparison, Hong Kong's prime residential price decreased by seven percent in 2020 and was forecast to remain the same in 2021.