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Buying a home

Semi-rural home.

New Zealanders are renowned for being passionate about their homes. The level of individual home ownership is amongst the highest in the world.

Housing stocks are extensive and provide an unusual range of opportunity for those seeking to match their home to a particular lifestyle. Rural 'lifestyle blocks' comprising custom-built homes with several acres of farmland are particularly popular. Most offer easy access to the main urban centres. City housing ranges from restored villas, dating from the early 1900s, to modern suburban homes with large gardens, or 'sections' as they are termed in New Zealand. Inner city apartments, featuring the latest in metropolitan living, have also become a feature of the major cities.

 

Most urban homes are stand-alone and built of wood. Although many are insulated, most do not have central heating or double-glazed windows. Most have open fires, wood burners, gas or electrical heating.

 

Prices for homes in New Zealand vary considerably. A lot depends on where they are located - homes in Auckland, for example, are generally more expensive than homes in Wellington. House prices in smaller cities and towns tend to be less expensive. Costs also vary within neighbourhoods and it is important to find out as much as possible about an area before purchasing.

 

Average house sale prices in New Zealand (for the three months to March 2006)

Area Price
Auckland - North Shore $505,897
Auckland - Waitakere $358,051
Auckland City $604,295
Auckland - Manukau $392,378
Auckland - Papakura $334,922
Hamilton $335,719
Tauranga $390,354
Rotorua $232,918
Napier $325,773
New Plymouth $278,478
Palmerston North $258,327
Wellington - Porirua $343,694
Wellington - Upper Hutt $294,386
Wellington - Lower Hutt $312,875
Wellington City $448,103
Nelson $333,854
Christchurch $323,020
Dunedin $246,070
Invercargill $137,250
Auckland area average $471,502
Wellington area average $381,212
New Zealand average $335,285

 

Source: QV online


Note: The above prices include chattels, such as curtains, carpets, oven and light fittings. House prices in these areas may vary from those stated above.


Page Last Updated: 08 Nov 2006