Auckland's real estate market has seen a notable divergence in prices between houses and units over the past year, with the median house price increasing by 8% to $1.2 million, while the median unit price has risen by just 2% to $720,000.
This price gap matters now because it reflects shifting buyer preferences and demographic changes in the city. As Auckland's population grows and densifies, more people are looking for affordable and convenient housing options, which is driving demand for units in areas like the CBD, Ponsonby, and Grey Lynn. At the same time, the city's infrastructure development, such as the City Rail Link and the redevelopment of the Auckland waterfront, is enhancing the appeal of unit living.
In areas like Takapuna and Devonport, unit prices have held steady due to their desirable locations and amenities, including the Takapuna Beach and the Devonport Ferry Terminal. The Auckland Council's Urban Development Strategy and the Kainga Ora's Affordable Housing Programme are also influencing the market, with a focus on increasing the supply of affordable units in areas like Otahuhu and Mangere.
Market Trends and Data
According to data from the Real Estate Institute of New Zealand, the median house price in Auckland has consistently outpaced the median unit price over the past five years, with a significant gap emerging in the past 12 months. In June 2025, the median house price was $1.1 million, while the median unit price was $650,000. By June 2026, the median house price had risen to $1.2 million, while the median unit price had increased to $720,000, representing a 9.1% increase in house prices versus a 2.3% increase in unit prices.
For buyers and investors, this price divergence presents opportunities and challenges. While units may offer better affordability and rental yields, houses are still in high demand, particularly in areas with good schools and transportation links. As the market continues to evolve, it's essential to monitor trends and data, such as the monthly sales reports from Barfoot & Thompson and the property market analysis from CoreLogic.
In practical terms, buyers and investors should consider factors like location, amenities, and infrastructure development when making decisions. The Auckland Unitary Plan and the Government's KiwiBuild programme are also worth watching, as they aim to increase the supply of affordable housing and shape the city's future growth. As the city's property market continues to shift, understanding the house vs unit price divergence will be crucial for making informed decisions.
