Authored by the expert who managed and guided the team behind the New Zealand Property Pack
Yes, the analysis of Auckland's property market is included in our pack
Auckland property prices have stabilized in 2025 after a challenging few years, with the average property now valued at approximately NZ$990,000 to $1,107,000.
This comprehensive guide breaks down everything you need to know about Auckland property prices, from detailed suburb comparisons to future forecasts, helping you make informed decisions whether you're buying to live or invest.
If you want to go deeper, you can check our pack of documents related to the real estate market in New Zealand, based on reliable facts and data, not opinions or rumors.
As of September 2025, Auckland's average property price stands at NZ$990,000-$1,107,000, with standalone houses averaging $1,107,000, townhouses between $900,000-$1,000,000, and apartments ranging from $510,000-$700,000.
The market shows signs of recovery after the 2022-2024 downturn, with prices forecast to increase 4-5.6% over the next year as interest rates decline and demand returns.
| Property Type | Average Price (NZD) | Typical Size |
|---|---|---|
| Standalone House | $1,107,000 | 142sqm |
| Townhouse | $900,000-$1,000,000 | 80-120sqm |
| Apartment | $510,000-$700,000 | 40-80sqm |
| Terraced Home | $750,000-$950,000 | 80-120sqm |
| Older Unit | $480,000-$650,000 | Small units |
| Large Family Home (4-5 bed) | $1,200,000-$1,700,000 | 180sqm+ |
| Small 1-bed Unit | $345,000-$600,000 | 30-50sqm |
What's the current average property price in Auckland?
As of September 2025, Auckland's average property price sits between NZ$990,000 and $1,107,000, depending on the data source and methodology used.
The median property price stands at approximately NZ$990,000, while the mean average reaches closer to $1,107,000. This difference reflects the impact of high-end luxury properties pulling the average upward.
Standalone houses dominate the upper end of this range at around $1,107,000, representing the most common property type that families seek. This figure represents a stabilization after the market correction that occurred between 2022 and 2024.
These prices reflect current market conditions in September 2025, where the Auckland property market has begun recovering from its recent downturn. Interest rate reductions and renewed buyer confidence are supporting price stability.
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How do prices differ depending on the type of property, like apartments, townhouses, or standalone houses?
Auckland property prices vary dramatically based on property type, with standalone houses commanding the highest prices at approximately $1,107,000.
Townhouses represent the middle ground, typically priced between $900,000 and $1,000,000. These properties offer a compromise between space and affordability, making them popular among families seeking more space than apartments provide.
Apartments offer the most affordable entry point into Auckland property ownership, ranging from $510,000 to $700,000. Smaller units and older walk-up apartments can be found from $480,000, while modern apartment complexes with amenities reach the upper end of this range.
Terraced homes fall between townhouses and apartments, typically priced between $750,000 and $950,000. Large family homes with four to five bedrooms can exceed $1,200,000 to $1,700,000, particularly in premium suburbs.
The price differences reflect both the size variations and the land component, with standalone houses including the highest proportion of land value in their total cost.
What's the breakdown of average prices across different suburbs and areas of Auckland?
Auckland's suburb prices show extreme variation, with premium areas commanding over $2 million while affordable suburbs offer options under $750,000.
| Suburb Category | Example Suburbs | Average 3-Bedroom Price (NZD) |
|---|---|---|
| Premium Waterfront | Herne Bay, Devonport | $2,200,000+ |
| Established Prestige | Remuera, Mount Eden, Grey Lynn | $1,500,000-$1,750,000 |
| Central Apartments | Auckland Central | $730,000 |
| Emerging Growth | Avondale, Hobsonville | $800,000-$1,000,000 |
| Affordable Family | Papakura, Otara | $700,000-$730,000 |
| Budget Entry | Rosehill | $591,000 |
| North Shore Premium | Takapuna, Birkenhead | $1,200,000-$1,500,000 |
How does property size, like small units versus large family homes, affect average price?
Property size directly correlates with price in Auckland, with one-bedroom units starting from $345,000 and five-bedroom homes exceeding $1,700,000.
One-bedroom apartments and small units range from $345,000 to $600,000, depending on location and quality. These represent the most affordable entry point into Auckland property ownership.
Two-bedroom properties typically cost around $700,000, while three-bedroom homes average $963,000. This reflects the most common family requirement and represents the median market segment.
Four-bedroom properties start from $1,200,000 and can reach significantly higher in premium suburbs. Five-bedroom homes and larger family properties typically exceed $1,700,000, particularly those with additional features like pools or large sections.
The price per square meter varies by location, but larger properties generally offer better value per square meter while requiring higher absolute investment amounts.
What's the typical total purchase cost including fees, taxes, and other upfront expenses?
Auckland property buyers should budget an additional 1.6% to 1.9% of the purchase price for transaction costs, plus a 20% deposit for most mortgages.
The standard deposit requirement is 20% of the property value, meaning buyers need $200,000+ for an average Auckland property. First-home buyers may access schemes allowing lower deposits, but these typically include additional costs.
Legal fees typically cost around 1.5% of the property price, while notary fees add another 0.1% to 0.4%. LIM reports, building inspections, and property valuations usually total $2,000 to $5,000.
New Zealand doesn't impose stamp duty or property transfer taxes on residential properties for owner-occupiers, making it more affordable than many comparable markets. However, foreign buyers face additional restrictions and potential taxes.
Sellers typically pay 3.5% to 4% plus 15% GST in agent fees, but buyers should factor this into negotiation strategies as it affects seller motivation and pricing.
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What would the monthly mortgage costs look like for the average property?
Monthly mortgage payments for an average Auckland property range from $5,010 to $6,954, depending on the property value and deposit amount.
For a median-priced property at $990,000 with a 20% deposit, the mortgage amount would be $792,000. At current interest rates of approximately 6.5%, this translates to monthly payments of around $5,010 for principal and interest over 30 years.
An average standalone house at $1,107,000 with a 20% deposit requires a mortgage of $885,600, resulting in monthly payments of approximately $5,594. Without a full 20% deposit, payments increase significantly due to larger loan amounts.
Current mortgage interest rates in Auckland range from 6% to 7%, depending on the lender, loan term, and borrower's financial profile. These rates significantly impact monthly payment calculations and total loan costs over time.
Additional costs include rates (property taxes), insurance, and maintenance, which typically add $300 to $800 monthly depending on property value and type.
Can you give some real-world examples of recent purchase prices across different parts of Auckland?
Recent Auckland property sales demonstrate the significant price variations across different suburbs and property types.
In Herne Bay, a three-bedroom home recently sold for $2,230,000, representing the premium waterfront market. This property exemplifies the high-end segment where location and views command substantial premiums.
Auckland Central apartments offer more affordable options, with three-bedroom units selling around $730,000. These properties appeal to professionals and investors seeking central location benefits without standalone house costs.
Papakura represents the affordable family market, with three-bedroom houses selling under $730,000. These suburbs offer value for families prioritizing space and affordability over central location.
Rosehill currently offers the most budget-friendly family options, with three-bedroom properties selling around $591,500. This represents genuine affordability for first-home buyers and investors seeking rental yields.
Which suburbs are currently the most expensive, the most budget-friendly, and the most up-and-coming?
Auckland's most expensive suburbs cluster around premium waterfront locations and established prestige areas, while affordable options exist in outer suburban areas.
1. **Most Expensive Suburbs:** - Herne Bay (averaging $2,230,000+ for three-bedroom homes) - Remuera ($1,752,975 average) - Devonport ($1,738,286 average) - Grey Lynn ($1,749,286 average) - Mount Eden ($1,622,962 average)2. **Most Budget-Friendly Suburbs:** - Rosehill ($591,563 average for three-bedroom homes) - Otara ($700,056 average) - Papakura ($726,867 average) - South Auckland areas generally offer the best value - Outer suburban locations with good transport links3. **Most Up-and-Coming Suburbs:** - Avondale (major infrastructure development and growth potential) - Hobsonville (new builds and modern amenities) - Papakura (improving infrastructure and rental demand) - Mount Wellington (industrial conversion and redevelopment) - Areas benefiting from new transport infrastructureIt's something we develop in our New Zealand property pack.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in New Zealand versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
How have property prices changed compared to one year ago and compared to five years ago?
Auckland property prices have experienced a modest decline compared to one year ago but show overall growth over the five-year period.
Compared to 2024, Auckland property prices decreased by approximately 3.4% in 2025, reflecting the market correction that began in 2022. However, recent months show stabilization and early signs of recovery as interest rates begin to decline.
Over the five-year period since 2020, Auckland properties have increased by approximately 13% to 15% overall. The 2020 median was around $900,000, compared to the current $990,000, representing roughly 2% annual growth over this period.
The market experienced significant volatility during this period, with rapid growth in 2020-2021 followed by corrections in 2022-2024. This volatility reflects interest rate changes, lending restrictions, and economic uncertainty impacts.
Recent stabilization suggests the market correction may be complete, with modest recovery expected as economic conditions improve and interest rates decline further.
What's the forecast for prices in Auckland in the next one year, five years, and ten years?
Auckland property price forecasts suggest modest recovery in the short term, followed by steady but slower growth over the longer term.
Over the next year (2025-2026), experts project a 4% to 5.6% price increase as interest rates fall and buyer confidence returns. This recovery reflects improving economic conditions and renewed demand from both owner-occupiers and investors.
The five-year outlook (2025-2030) anticipates moderate growth below historic averages, with annual increases likely ranging from 2% to 4%. Increased housing supply and ongoing economic challenges will likely prevent the rapid price acceleration seen in previous decades.
Long-term forecasts (10 years to 2035) suggest steady but conservative growth, with experts not expecting property prices to double again within this timeframe. Demographic changes, supply improvements, and economic maturation support this measured growth expectation.
These forecasts assume continued population growth, stable economic conditions, and successful housing supply initiatives by government and developers.
What are the smartest property choices right now depending on whether you want to live there, rent short term, rent long term, or buy to resell later?
Smart Auckland property choices depend heavily on your investment strategy and time horizon, with different suburbs and property types suiting different goals.
For owner-occupiers planning to live in the property, established family suburbs offer the best combination of lifestyle and stability. North Shore areas, Remuera, and Howick provide excellent schools, amenities, and community infrastructure that support long-term family living.
Short-term rental strategies work best in central Auckland, Mission Bay, and Takapuna, where business travelers and tourists create consistent demand. Properties near universities, CBD, and tourist attractions command premium short-term rental rates.
Long-term rental investments perform well in up-and-coming areas like Avondale and Hobsonville, where infrastructure development supports growing rental demand. Budget suburbs like Papakura and Otara also offer strong rental yields for investors prioritizing cash flow over capital growth.
Properties bought for resale (flipping) should focus on growth suburbs with major infrastructure upgrades, such as Avondale, Papakura, and Mount Wellington. These areas offer the best potential for capital appreciation as development progresses.
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How does Auckland's average property price compare with other similar big cities?
Auckland's property prices position it as moderately expensive compared to major Asia-Pacific cities, sitting below Sydney but comparable to Melbourne.
| City | Median House Price | Median Unit Price |
|---|---|---|
| Sydney, Australia | NZ$1,526,000 | NZ$868,000 |
| Auckland, New Zealand | NZ$990,000 | NZ$510,000-$700,000 |
| Melbourne, Australia | NZ$952,000 | NZ$621,000 |
| Brisbane, Australia | NZ$890,000 | NZ$485,000 |
| Perth, Australia | NZ$720,000 | NZ$420,000 |
| Wellington, New Zealand | NZ$850,000 | NZ$450,000 |
| Christchurch, New Zealand | NZ$650,000 | NZ$350,000 |
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Auckland's property market in September 2025 presents opportunities for both investors and homebuyers, with prices stabilizing after recent corrections and growth potential emerging in up-and-coming suburbs.
Understanding the significant price variations across suburbs and property types is crucial for making informed decisions, whether you're seeking affordable entry points or premium investment opportunities.
Sources
- Opes Partners Auckland Property Market
- Global Property Guide New Zealand
- BambooRoutes Auckland Average House Price
- RealEstate.co.nz Apartment vs House Prices
- Barfoot & Thompson Residential Sales Report
- Barfoot & Thompson Suburb Report
- The Rent Shop Auckland Investment Suburbs
- Global Property Guide NZ Taxes and Costs
- Canstar Average Home Loan NZ
- Opes Partners Interest Rates