Auckland, New Zealand
Property prices · 2024 · Oceania
Property price trend in Auckland (2024–2026)
Property comparison — cities in New Zealand (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Auckland |
|---|---|---|---|---|
| Auckland | NZD 12,500 | NZD 8,200 | NZD 2,200 | — |
| Wellington | NZD 9,800 | NZD 6,500 | NZD 1,900 | -21.6% |
| Christchurch | NZD 7,200 | NZD 4,800 | NZD 1,500 | -42.4% |
Other Oceania cities (2024)
Frequently asked questions
How much does property cost in Auckland in 2024?
In Auckland, the average price per sqm in the city centre is NZD 12,500, and NZD 8,200 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Auckland in 2024?
A 1-bedroom apartment in Auckland rents for approximately NZD 2,200 per month in 2024. A 3-bedroom apartment costs around NZD 4,000/month.
Is it better to buy or rent in Auckland?
Renting is generally more cost-effective in Auckland. The price-to-rent ratio is 22.0x — it would take approximately 22.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.80%.
What are mortgage rates in New Zealand in 2024?
The average mortgage rate in New Zealand is approximately 6.80% as of 2024. With a price-to-rent ratio of 22.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Auckland?
The average property price per square metre in Auckland city centre is NZD 12,500 in 2024. Outside the centre, expect to pay around NZD 8,200/sqm.