1. Flashback: Auckland in 2015

In mid-2015, Auckland’s housing market was sizzling. The average price of a three-bedroom home hit about NZ$726,000, up from roughly NZ$393,000 a decade earlier—a surge of around NZ$37,200 per year. (Barfoot & Thompson)

The broader market was on edge: a 2015 Guardian report noted that, following aggressive gains, Auckland was nearing an average of NZ$810,000, with concerns about a brewing property bubble. (The Guardian)

At that time, Herne Bay became the first NZ suburb to average over NZ$2 million—highlighting how price pressures concentrated in premium enclaves even then. (Wikipedia)

2. Market Evolution: 2015–2025

Fast forward to 2025, Queensland data shows an average home value of NZ$909,671, largely unchanged year-on-year, with a modest quarterly dip of 0.5%. (QV HPI)

Meanwhile, REINZ reports that as of June–July 2025:

• National median sits at NZ$770,000, holding flat year-on-year, but down slightly from July’s NZ$767,250. (NZ Herald / REINZ, Interest.co.nz)
• Auckland’s median price dropped ~3.4% YoY to NZ$990,000. (Global Property Guide)

3. Current Snapshot — March to May 2025

Spring brought renewed momentum. In March, Auckland recorded its highest monthly sales since July 2021, with 1,213 properties sold. The median price rose to NZ$970,000, and the average to NZ$1,145,045. (Barfoot & Thompson / Darren Ryder)

Then in May, median house price dipped slightly to NZ$928,500, while sales surged over 27% from the previous month. New listings rose, indicating more choice. (Barfoot & Thompson May 2025)

4. Summary: Then vs Now

5. Looking Ahead

With affordability pressures easing and borrowing costs stabilising, the market shows signs of mature rebalancing—yet homeownership still remains out of reach for many.

For those interested in current offerings, explore our ongoing listings:

• Auckland listings
• Browse all New Zealand property