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.
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Average residential house price in Auckland, New Zealand in March 2025, by district
(in 1,000 New Zealand dollars)
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REINZ. (April 15, 2025). Average residential house price in Auckland, New Zealand in March 2025, by district (in 1,000 New Zealand dollars) [Graph]. In Statista. Retrieved July 06, 2025, from https://www.statista.com/statistics/1028588/new-zealand-median-house-prices-auckland-by-district/
REINZ. "Average residential house price in Auckland, New Zealand in March 2025, by district (in 1,000 New Zealand dollars)." Chart. April 15, 2025. Statista. Accessed July 06, 2025. https://www.statista.com/statistics/1028588/new-zealand-median-house-prices-auckland-by-district/
REINZ. (2025). Average residential house price in Auckland, New Zealand in March 2025, by district (in 1,000 New Zealand dollars). Statista. Statista Inc.. Accessed: July 06, 2025. https://www.statista.com/statistics/1028588/new-zealand-median-house-prices-auckland-by-district/
REINZ. "Average Residential House Price in Auckland, New Zealand in March 2025, by District (in 1,000 New Zealand Dollars)." Statista, Statista Inc., 15 Apr 2025, https://www.statista.com/statistics/1028588/new-zealand-median-house-prices-auckland-by-district/
REINZ, Average residential house price in Auckland, New Zealand in March 2025, by district (in 1,000 New Zealand dollars) Statista, https://www.statista.com/statistics/1028588/new-zealand-median-house-prices-auckland-by-district/ (last visited July 06, 2025)
Average residential house price in Auckland, New Zealand in March 2025, by district (in 1,000 New Zealand dollars) [Graph], REINZ, April 15, 2025. [Online]. Available: https://www.statista.com/statistics/1028588/new-zealand-median-house-prices-auckland-by-district/