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  • In New Zealand the average residential property is worth $622,000 – up more than 50 per cent since 2012.

But the headline figure masks a much more varied picture around the country.

An analysis of property data from 751 suburbs, provided by CoreLogic, shows that while values have doubled in Auckland, in some parts of the country they are still yet to recover from the crash of 2008. In others, the boom appears to be spilling over and driving up prices.

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property-boom

NEVILLE MARRINER/FAIRFAX NZ
You can’t talk about New Zealand’s property boom without first looking at what has happened in Auckland.