How much is the average house price in Auckland?

Auckland’s average sales prices dropped to $1,132,552 in September, down 4.2 per cent from $1,181,596 in August, according to Barfoot & Thompson’s latest figures. The figures showed the city’s median price also fell. It was $1,100,000 in September down 2.7 per cent from $1,130,000 the month before.

How much does the average house in New Zealand cost?

According to the Real Estate Institute of New Zealand, the median cost of a home is NZ$597,000. Auckland remains the most expensive place to purchase property, with a median price of NZ$850,000.

Are house prices dropping NZ?

A major New Zealand bank is predicting house prices will fall in the second half of 2022 as supply meets demand, interest rates increase and credit conditions tighten. In a report on Wednesday ASB said it’s forecasting house prices will experience a cumulative fall of four percent next year.

What is the average house price in Auckland 2021?

The price of residential property in North Shore City, New Zealand was the highest in Auckland City in September 2021, with an average sale price of over 1.3 million New Zealand dollars. In the same month, the regional median house price was around 1.2 million New Zealand dollars across Auckland.

Will house prices keep rising NZ?

“House prices continue to climb upward in the Auckland region though at a much reduced rate compared to earlier this year, and it’s likely to continue to slow further as new loan-to-value bank restrictions are introduced, reducing the number of buyers in the market.”

Are groceries cheaper in NZ or Australia?

Food items like bread, rice, beef, fruits and vegetables, water and drinks are cheaper in New Zealand. Chicken breasts and dairy products such as milk and eggs are cheaper in Australia. In Australia, domestic beer and fast foods are cheaper, while New Zealand has lower prices for drinks and restaurants meals.

What is considered rich in New Zealand?

The number of ultra-high net worth individuals, defined as those people who have net wealth of more than US$30 million (NZ$40.7m) including the value their own home, was 2.4 per cent higher over the past 12 months, to more than 520,000 worldwide.