NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Aucklander

Auckland housing bargains can still be found, but act quickly

Kirsty Wynn
By Kirsty Wynn
Reporter·Herald on Sunday·
1 Aug, 2015 05:00 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

The number of Auckland suburbs that have hit an average $1m mark has jumped from 43 to 50 in just two months. Photo / Chris Loufte

The number of Auckland suburbs that have hit an average $1m mark has jumped from 43 to 50 in just two months. Photo / Chris Loufte

Only 10 Auckland suburbs have average house prices under $500,000.

Just a handful of Auckland suburbs remain with average house prices under half a million dollars, new figures reveal.

The latest QV.co.nz E-Valuer statistics show only 10 of Auckland's 167 suburbs have homes with a median value under $500,000. The number of suburbs that have hit an average $1m mark has jumped from 43 to 50 in just two months.

Real Estate Institute of New Zealand chief executive Colleen Milne said there were still opportunities for first-time buyers but they had to move quickly.

"These properties are quickly sought out," Milne said.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

All 10 suburbs are in South Auckland: Otara, Otahuhu, Clendon Park, Waiuku, Red Hill, Papakura, Manukau, Manurewa East, Weymouth and Randwick Park. Wellsford, north of Auckland, is also in that bracket.

Previously affordable suburbs of Mangere East, Manurewa, Favona, Rosehill and Clover Park surged ahead in the past two months and now have a median price above $500,000.

At the other end of the Auckland market, the suburbs with a new median price of more than $1m were in new areas or close to the water.

Bucklands Beach, Shelley Park, Somerville, Wai O Taiki Bay, Chatswood, East Tamaki Heights and Waiheke Island's Onetangi broke through $1m last month.

Advertisement
Advertise with NZME.

The figures will add pressure to the Auckland Council and the Government, which are wrestling with the challenge of a city needing 100,000 new homes over the next 10 years, according to a council report released last week.

Andrea Rush from QV.co.nz said the suburbs that had pushed past $500,000 had been a popular first step "particularly the new-builds in these areas that they can purchase with only a 10 per cent deposit".

The release of the QV.co.nz E-Valuer statistics comes a month after the Massey University Home Affordability Report showed Auckland residential properties are 56 per cent less affordable than elsewhere in New Zealand.

The report, comparing weekly earnings with house prices and mortgage interest rates, found Auckland affordability fell by 25 per cent over the previous 12 months.

The figures show popular areas of St Johns, Forrest Hill and Belmont are teetering on the edge of $1m. They are expected to be next to reach the mark.

Auckland's exclusive Herne Bay is the only suburb with a median value of $2m. But five other suburbs, including Westmere and Campbells Bay, now have a value higher than $1.5m.

Milne believed more affordable properties would come on the market as spring approaches.

REINZ research showed a growing number of investors unable to buy in Auckland were buying within a commute to the central city.

That include Rodney and Pukekohe. Milne said pressure on the supply of property should be eased by changes to the building consent application process and proposed housing reforms in the region.

"The key focus of the Housing Accord and the Unitary Plan changes will assist in the supply of affordable housing," she said.

Advertisement
Advertise with NZME.

Under the proposed Unitary Plan, more town houses and apartments will go up in suburbs surrounding the central city.

Developers will also have the power to increase the density of dwellings they build, including up to four units per property in some suburbs.

Save

    Share this article

Latest from Aucklander

Aucklander

'He's done it again': Anger as crash victims learn driver has now killed another person

07 Sep 10:00 PM
Aucklander

What have we learned from the Auckland floods?

27 Jan 04:00 PM
Aucklander

Free Starlink for 40 rural schools

20 Sep 01:24 AM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from Aucklander

'He's done it again': Anger as crash victims learn driver has now killed another person

'He's done it again': Anger as crash victims learn driver has now killed another person

07 Sep 10:00 PM

1982 crash victim's sister: “It’s just like, ‘you bastard, you brought it all up again’.

What have we learned from the Auckland floods?

What have we learned from the Auckland floods?

27 Jan 04:00 PM
Free Starlink for 40 rural schools

Free Starlink for 40 rural schools

20 Sep 01:24 AM
‘Slap in the face’: Auckland flood relief fund $16m short

‘Slap in the face’: Auckland flood relief fund $16m short

25 Jul 06:30 PM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP