The new suburbs to fetch seven-figure averages are Grey Lynn, Freemans Bay, Northcote Pt, Schnapper Rock and Farm Cove.
Their emergence as million-dollar suburbs comes in the latest QV Property Report, printed in Monday's Herald. The report also shows 13 other suburbs have an average house price of $900,00 or more and are poised to enter the club, with Meadowbank the closest, sitting on an average house price of $991,900.
But there are still no $1 million suburbs in the wider Waitakere or the Papakura/Franklin area, only the North Shore, Auckland central, and Manukau.
There are no other $1 million suburbs outside of Auckland in the North Island. Seatoun in Wellington is the closest, with an average of $944,650.
The report does not cover the South Island, but Kelvin Heights in Queenstown first reached an average of $1 million in 2007.
CoreLogic research analyst Nick Goodall said the number of million-dollar suburbs now was "startling".
"In terms of being reachable to the average New Zealander ... there's more and more of these suburbs that people will see as unattainable."
He said on the North Shore alone almost 50 per cent of the suburbs were in the club.
"That is daunting for anyone trying to get into the market."
In 2009 the number of suburbs with a median house price of more than $1 million was just three - Herne Bay, St Marys Bay and Parnell - following the global financial crisis.
The large number now was a direct result of demand outstripping supply, according to Barfoot & Thompson managing director Peter Thompson.
"It's simply migration to Auckland, a bigger population, lack of new homes being built and shortage of supply," he said.
"That just pushes prices up."
Last month the real estate agency sold 174 properties at over $1 million, compared with 122 for the same period last year.
Mr Thompson predicted a tapering off over the winter months and recommended house hunters buy within their means instead of trying to break into a million-dollar suburb.
QV national spokeswoman Andrea Rush said she was not surprised five more suburbs had ticked over into the million-dollar club because values had risen by 5 per cent during the past three months alone.
"The impact for buyers is we're seeing a rise in demand for small homes and apartments in the inner city because they are a more affordable entry into the market for those wanting to live in a central Auckland location."
She said strong migration, continuing low interest rates, a shortage of housing supply and good consumer confidence meant the upward trend in values would likely continue.
"However with the listing shortage having eased over the past month and with more homes currently on the market than in the past 16 months we may see the rate of upward pressure on values start to ease."
ASB chief economist Nick Tuffley said more million-dollar suburbs in Auckland were inevitable.
"Conditions have become a bit more favourable for the housing market and we think we're going to see the pace of growth in house prices around Auckland hold up."
But he said it was not sustainable because Auckland incomes were not keeping pace with house prices.
Meadowbank couple take the money and sail away
House prices in Meadowbank are the talk of Archdall St, according to long-time resident Mike Lanigan.
The 70-year-old bought his home on a leasehold property in the east Auckland area 28 years ago for $165,000. In the early 90s he bought the section freehold for a further $75,000.
Now Meadowbank is on the cusp of becoming the city's next million-dollar suburb, and Mr Lanigan - who runs a sailing school - and his wife Sheryl, a nurse, are selling up and moving to Gulf Harbour to "live the dream" and spend their days on their yacht.
Their four-bedroom home is expected to fetch $1.6 million when it goes to auction on March 25.
"Since we've been here we've seen Meadowbank come of age," Mr Lanigan said. Transport and facilities had improved vastly, and it was now an area populated by professionals with children.
"They're buying here for the same reasons we bought here - closeness to schools, transport and the shopping centre. We're now the oldest people on the street."
Barfoot and Thompson agent in Meadowbank Mike Ataman said it was no surprise the suburb was knocking on the door of the million-dollar club. "We've been waiting for such a long time and it's now our turn. I'm just stupid because I didn't buy enough property here."
Mr Ataman, who has been selling houses in the suburb for 14 years, said he regularly sold properties at over $1 million and some as high as $1.5 million-plus.
