New Zealand’ s Most Expensive Streets
Atom Go Tian Senior Data Analyst Ray White Group
Topping New Zealand’ s property ladder, Victoria Avenue in Remuera features a median house price of $ 6.65 million. Hot on its heels, Marine Parade in Herne Bay has recorded $ 6.23 million, and Arthur Street in Freeman’ s Bay rounds out the top three at a cool $ 5.60 million.
The narrow price gap between these elite streets suggests a more even distribution of wealth across Auckland’ s priciest postcodes, unlike the sharp divides often seen in many global cities.
The most striking aspect of New Zealand’ s luxury property landscape, however, is its intense geographic concentration.
Nine of the top ten streets are in Auckland, dominated by prestigious harbour-facing locations and established suburbs. The sole exception— Arrowtown-Lake Hayes Road in Queenstown, ranking sixth at $ 4.70 million— demonstrates how alpine landscapes and international tourism appeal can create sufficient demand to rival major economic centres.
Source: REINZ, Ray White Economics
Examining the top three most expensive streets in New Zealand ' s major cities further emphasises Auckland ' s dominance in the luxury property market. Victoria Avenue in Remuera, at $ 6.65 million, commands a price more than four times higher than Hamilton ' s top street, Roy Hilton Drive, at just $ 1.58 million.
While Arrowtown-Lake Hayes Road is the only Queenstown street to crack the national top 10, Littles Road and Peninsula Road follow closely behind at $ 4 million and $ 3.2 million, respectively, firmly establishing Queenstown as the country ' s second luxury market.
Tauranga ' s premium market is uniquely concentrated, with its three most expensive streets all located adjacent to each other in the coastal suburb of Mount Maunganui.
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