Herne Bay

PHOTO: Herne Bay, Auckland. FILE


  • All major centres achieved price gains with some suburbs increasing in value by more than $500,000 in the 12 months to end of August 2021.
  • 771 of New Zealand’s 983 suburbs have seen median value increases of $100,000 or more.
  • Prestige suburb Herne Bay retained its pole position as Auckland’s highest priced suburb – and the entire country – with a median property value of $3.25million.
  • Ponsonby was the country’s top performer with a gain of $597,550 for the year.
  • In Hamilton, all suburbs achieved a median value increase of at least 14%. The centre has four $1million-plus suburbs, with Harrowfield topping the list as its median value hit $1,068,500 at the end of August 2021. Bader is Hamilton’s cheapest suburb at $580,550.
  • In Tauranga the number of $1million-plus suburbs has increased from three in June to eight by the end of August, with Mount Maunganui achieving the highest median at $1.33million.

Fergs Coffee

  • Seatoun is Wellington’s priciest suburb with a median value of $1.93million.
  • There are now 54 $1million-plus suburbs in Greater Wellington, that figure is up from 42 recorded during last quarter.
  • As affordability declines we’ve also seen cheaper suburbs in Christchurch and Dunedin increase in value as buyers, particularly first home buyers who have been active this year despite the popular view that almost none have been buying, get into the market in less centrally-located suburbs.
  • Dunedin’s first $1million-plus suburbs are Maori Hill and East Taieri, where median values increased to $1.02 million respectively. Mr Davidson says currently there are only three suburbs in Dunedin with median values below $500,000.