The average property price in Auckland climbed past $1million this week making the home ownership hurdle even higher for the average New Zealander.
Migration to Auckland is at an all time high with an estimated 800 people a week, or 40,000 a year making the move to the city.
But it's no wonder people are coming here in droves. Just last month Auckland was named the world's eighth most liveable city in the Economist Intelligence Unit Global Liveability Report.
Recent sales show what $1m can get you in Auckland. We show you what your money gets you in the other top liveable cities around the globe.
Melbourne tops the list of the most liveable cities with locals boasting of temperate climate, beaches, chic laneway eateries and rooftop bars which have opened in former industrial buildings.
The three-bedroom period home (pictured) recently sold for AUS $965,000 - or NZ$1m and is in a city-fringe location in good school zones and close to public transport.
It has a modern bathroom, laundry with kitchenette plus second toilet. Features ducted heating and external shutters. It is close to recreational facilities such as Flemington and Moonee Valley Racecourses.
The capital city has a population of around 4.5 million and a median house price of $725,000 - a growth of 3.6percent in the past year.
In Vienna NZ$1m will buy you this two-level new build (pictured). It is on the market for €566,000 and has three-bedrooms over 122sqm with one bathroom and an extra toilet. It has a small section and space for one car.
The popular Austrian city is second on the most liveable cities with its high standard of living and safety earning it top marks.
Austria's beautiful countryside are a drawcard for locals and tourists. Cold though.
This Vancouver townhouse recently sold for $929,000 - just under NZ$1m. It has three bedrooms, 2 bathrooms, spread over 150sqm and is fully renovated.
The house has high quality fittings with quartz countertops, open planned living and a large private patio.
Downstairs has recreation room with a treadmill and gym.
The coastal seaport city of Vancouver is ranked the third most liveable city and is the most ethnically diverse cities in Canada.
The heated housing market is similar to Auckland's with a 15percent value increases year on year.
A detached house in the city of Vancouver recently reached $3million. Vancouver has just introduced an additional foreign buyers tax of 15percent to take the heat out of the market.
Last week the city recorded a four-year-low in sales which has been attributed to the new tax.
In Toronto this 200sqm home recently sold for $945,000 or just under NZ$1m. It boast big bedrooms, new kitchen with Quartz Countertops, high-end appliances and a large backyard.
It is close to good schools and a shopping precinct.
Reports of intolerance and race-related issues are uncommon in the multi-cultural city of Toronto.
Like Vancouver, housing affordability is a real issue with prices soaring.
There have been calls for more research on the effect of foreign buyers with others concerned that the foreign buyers tax introduced in Vancouver will drive more buyers Toronto's way.
The best value for money has to be in Calgary where NZ$1m will buy you this elegant two-storey home on a quiet crescent across from a park with tennis courts.
There is a den and music room, large dining and family rooms and floor to ceiling windows and a stone fireplace.
The sylish pad also has a designer chef's kitchen and walk through pantry.
The master bedroom has a walk-in wardrobe and ensuite and the house has access to downtown or a quick escape to the mountains.
Calgary has an average price of around $500,000 New Zealand and a market that has been in decline.
The city is heavily influenced by the west, has an annual "Calgary Stampede" rodeo earning it the nickname "Cow town".
There is great value in Calgary where the houses are large and have good sized sections.
There is a lot of bang for your buck in Adelaide with this city-fringe house coming in under the budget of NZ$1m.
The heritage home recently sold for $800,000 with a 1990 addition has three-bedrooms with the master including a spa bath & dual rain showers.
There are fireplaces in the living and bedrooms and a powder room downstairs.
The compact 149sqm site has parking for two cars.
The Australian city of Adelaide has undergone an urban transformation drawing locals and tourist to its many bars and eateries.
As well as being ranked the sixth most liveable city Lonely Planet named it in its top ten places to visit because of it's beautiful beaches, ample festivals and boutique shopping precinct.
Again under the budget of NZ$1m is this 1913 heritage home within a 15minute walk of central Perth. It is on a 385sqm site and is fully renovated with large bedrooms and high ceilings.
The housing market in Perth is slow and there are plenty of bargains with a gorgeous heritage homes selling for under NZ $900,000.
Helsinki's long summer hours and high standard of living are drawcards of living in the Finnish city.
Apartment living is popular with prices around €800,000 - or NZ$1.2m.
Outside the city large mansions and detached houses range in price from around €590,000- under $1m NZ. Many are upward of €3m.
The large four-bedroom 350 sqm mansion pictured sold for €600,00 - or just under NZ$1m - is an hour's drive from the city and is set on a sprawling 26,700 m². It has two bathrooms, two toilets, a private garden, views of the lake and it's own personal beach.
Apartment living in Hamburg is popular but expensive. This apartment in the middle of the city, but in a quiet side street, recently sold for €737,000 - approximately NZ$1.1m.
It features two-bedrooms, separate kitchen and dining area. It has access to a small balcony.
Hamburg has the title of the world's tenth most liveable city.
Inner Alster lake is dotted with boats and surrounded by cafes and the city's central boulevard connects the Neustadt (new town) with the Altstadt (old town).