Million dollar listings becomes norm in NZ

Friday 7 January 2022

According to CoreLogic, New Zealand property finished with an average price of $1,006,632 and record-breaking annual market growth of 27.4%:

This surpassed the previous record of 24.4% annual growth in 2003.

The breakdown of growth across jurisdictions is presented below, with Auckland, Wellington and Tauranga topping the $1 million mark:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.