If you’re looking for the most exclusive address in New Zealand, new research has found the answer. Data from PropertyIQ reported in the Herald Sun has uncovered which are the most expensive streets in New Zealand.

Residents of the country’s most exclusive streets have included the Sultan of Brunei and Rod Stewart, as we find out next.

The most exclusive streets to own property in New Zealand

Herne Bay is the most exclusive area of New Zealand and Cremorne Street is the country's most expensive road. The median council valuation of properties on the street is $5.25 million (£2.67 million), putting it some distance ahead of neighbouring Stack Street where you would need to spend about $3.37 million (£1.72 million) to buy, based on the median capital value of all the properties on the street.

The Herald Sun reports that four homes on Stack Street were owned by the Sultan of Brunei in the 1990s. In addition, rock star Rod Stewart also once owned a property on the street with his then wife Rachel Hunter. Property developer Gary Lane - worth $220 million (£112 million) n last year's National Business Review Rich List – owns at least two properties on the street.

There were three Herne Bay streets in the top 10, with Bella Vista also featuring on the list. The suburb is already known as New Zealand's most expensive and has an average house value of $1.8 million (£916,000).

All but two streets were in Auckland. Streamside Estate in the Queenstown Lakes district had a median value of $2.8 million (£1.43 million) and Breadalbane Place at Langs Beach in the Whangarei District had a median value of $2.74 million (£1.4 million).

Local estate agent real estate agent Jan George has been selling in the area for 18 years and says that houses don’t come up for sale very often. "It's the whole northern slopes exclusivity really. The northern slopes of Herne Bay is such a small area. It's nothing like Remuera, where you've got a vast area and a whole variety of properties.”

Are you looking to buy property in New Zealand ? Timaru , Auckland , Waikato , Otaua , Bay Of Plenty

Are you looking to rent property in New Zealand ? Christchurch , Franz Josef Glacier , Wellington , Te Anau , Napier

Author

  1. avatar
    Nick Marr

    I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.