Residential property price Auckland, New Zealand 2022, by district
The average price of residential property in North Shore City, New Zealand was the highest in Auckland in December 2022, with an average sale price of over 1.28 million New Zealand dollars. In the same month, the regional median house price was around 1.1 million New Zealand dollars across Auckland.
Rising housing costs
The average sale price of residential property in Auckland has been increasing for the past several years. 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 among the developed world. The average weekly rent in the city has also continued to increase, with the Auckland region having the highest mean rent for residential housing across the country.
Residential housing construction
The number of building consents granted for new homes in the region has increased year-on-year. Nevertheless, the region is still experiencing a large housing shortage. With an increase in the rate of homes being built, and the city’s population growth rate expected to decline, Auckland’s housing supply might start to align with demand.
Rising housing costs
The average sale price of residential property in Auckland has been increasing for the past several years. 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 among the developed world. The average weekly rent in the city has also continued to increase, with the Auckland region having the highest mean rent for residential housing across the country.
Residential housing construction
The number of building consents granted for new homes in the region has increased year-on-year. Nevertheless, the region is still experiencing a large housing shortage. With an increase in the rate of homes being built, and the city’s population growth rate expected to decline, Auckland’s housing supply might start to align with demand.
