Similar Price Growth

Although houses prices typically rise more than apartments over the long-term, the gap is not as wide as many people expect.

On average, Kiwis move every five and-a-half years. During that period between May 2019 and November 2024, both houses and apartments had similar levels of growth, new data from realestate.co.nz reveals.

Over this time, the average asking price of houses increased by 29.6%, from $650,839 to $843,208. Apartments had a rise of 27.1% from $590,720 to $750,611.

Looking back 17 years, between November 2007 and November 2024, the national average asking price for houses increased by 102.6%, from $416,173 to $843,208.