Residential property price Auckland, New Zealand 2024, by district
The average price of residential property in North Shore City, New Zealand was the highest in Auckland in March 2024, with an average sale price of over 1.2 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 increased over the past months. Whilst housing affordability has improved slightly as the median house price has begun to stabilize, Auckland still has one of the least affordable housing markets among 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
The number of building consents granted for new homes in the Auckland region decreased in 2023, following a trend of year-on-year decreases since 2021. The leading features built into new houses and apartments in New Zealand in 2022 included energy-efficient appliances, smart heating systems, and solar panels as people across the country try to curb their gas bills.