Residential property price Auckland, New Zealand 2023, by district
Housing costs
The average sale price of residential property in Auckland has decreased 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 region decreased in 2022, breaking the trend. 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.