Prestigious inner city Herne Bay has set a new benchmark, becoming the first $2 million suburb.
The average Herne Bay home is now worth $2,003,300 according to CoreLogic data released exclusively to the Herald.
Herne Bay is one of the city's oldest postcodes and home to Cremorne St - the country's most exclusive housing enclave where the average home will set you back north of $6 million.
The suburb is dotted with immaculately renovated weatherboard villas with stained glass windows and white picket fences.
It also boasts a collection of high-end boutique designer stores and trendy eateries frequented by a wealthy who's who.
The streets are lined with Audis, Mercedes and four-wheel drives.
We check out what the $2 million pricetag can get you around the rest of New Zealand.
"Approximately 381 acres of beautiful land with fantastic views but also peaceful and hidden from the main road. The property is well thought out with good water supply, natural streams and ponds, good quality deer fencing and well maintained tracks. The house sites make most of the rural setting and the natural landscape, and have panoramic views over the Pauatahanui inlet, Whitby and the Tararua Mountains. "
"Cottier Estate is situated at the centre of the prestigious Gladstone wine growing area of the Wairarapa ... Comprising of 13.793 hectares, of which some 9.58 hectares are planted with a mixture of pinot noir and chardonnay grapes. Cottier Estate is superbly endowed with all the great characteristics that combine to produce premium wines... An outstanding property with income from the vineyard, this property could operate as an upmarket lodge, function venue, or family home."
3. The average price of a trim flat white is $4.50 in Auckland. With $2 million to spend, that means 444,444 coffees.
"The Castle Pamela is a unique iconic internationally known and popular tourist attraction that locals and tourists alike have enjoyed for more than 10 years...and will do so for many more."
5. An Audi R8 Coupe 4.2 FSI quattro S Tronic is priced at $245,000 by AA. For the price of a Herne Bay section, you could buy eight of them.
"Magnificent homestead with earthy appeal of Riverstone and timber features. 4 bedrooms and much much more. Enclosed 8 horse box barn, with covered tie-ups and wash down, staff accommodation, 6 horse walker, lunging ring and numerous paddocks."
7. In 2014, we reported that ANZ's CEO David Hisco was on a salary of $4.1m. That's two Herne Bay sections every year.
"The property has five paddocks and would be suitable for sheep or cattle. There is a building platform established. Water availability for irrigation needs to be negotiated with the owner. Awesome all round mountain views."
9. For a mere $400,000 less than the average Herne Bay section, you could purchase the winner of the prestigious European Yacht of the Year 2013.
10. Or you could just blow it all at popular Herne Bay cafe Dear Jervois. A fish finger sandwich, fries and a peanut butter superfood smoothie will set you back $30 so rather than buy a house, you could just have lunch in the area 66,667 times.