Photo: RNZ
New data from realestate.co.nz reveals million-dollar price gaps between the highest and lowest-priced suburbs across New Zealand's main cities.
Auckland saw the most dramatic contrast in 2024, with a more than $3.5m gap between Herne Bay's average asking price of $4.32m and Auckland Central's $704,067.
Wellington and Christchurch also saw price differences exceeding $1m between their highest and lowest-priced suburbs last year.
In Wellington, a $1.14m price gap separated the central city's average asking price of $629,130 from coastal Seatoun's $1.77 million.
"The relative affordability of CBD living, influenced by apartment options, opens up opportunities for buyers," Vanessa Williams, spokesperson for realestate.co.nz said.
Christchurch's Port Hills continued to attract premium prices, with Kennedys Bush averaging $1.98m for its elevated views over the Canterbury Plains. The established suburb of Fendalton came in a close second with an average asking price of $1.77m.
In contrast, the eastern suburb of Wainoni recorded the city's lowest average at $490,787, representing a $1.49 million gap between the highest- and lowest-priced areas.
Hamilton's price variations spanned just over half a million ($531,197). The sought-after northern suburb of Flagstaff was the highest-priced suburb at $1.09m, while the southern suburb of Bader was the lowest at $561,783.
In Dunedin, North Taieri had the highest average asking price of $1.7m, while the lowest-priced suburb was South Dunedin, where the average asking price was almost $427,000 - a gap of $1.3m.
