Feature article
The 20 most expensive suburbs of 2026
New Zealand's priciest postcodes
AI summary
Otago's Arrowtown has become New Zealand's most expensive suburb, with a Property Price Index over $3 million, based on recent data. This surprising development places it ahead of traditionally dominant Auckland suburbs.
Auckland's Parnell and Westmere now rank second and third, respectively. The top 20 list highlights the continued strength of property values in desirable locations across Auckland, Queenstown-Lakes, Christchurch, and Waiheke Island, reflecting high demand in key lifestyle areas nationwide.
| Suburb | Property Price Index | ||
|---|---|---|---|
| 1. Arrowtown, Queenstown-Lakes | 1. Arrowtown, Queenstown-Lakes | $3,026,200 | $3,026,200 |
| 2. Parnell, Auckland City | 2. Parnell, Auckland City | $2,640,350 | $2,640,350 |
| 3. Westmere, Auckland City | 3. Westmere, Auckland City | $2,598,900 | $2,598,900 |
| 4. Remuera, Auckland City | 4. Remuera, Auckland City | $2,378,500 | $2,378,500 |
| 5. Ponsonby, Auckland City | 5. Ponsonby, Auckland City | $2,300,650 | $2,300,650 |
| 6. Devonport, North Shore City | 6. Devonport, North Shore City | $2,139,750 | $2,139,750 |
| 7. Saint Heliers, Auckland City | 7. Saint Heliers, Auckland City | $2,055,450 | $2,055,450 |
| 8. Kohimarama, Auckland City | 8. Kohimarama, Auckland City | $2,028,800 | $2,028,800 |
| 9. Ōrākei, Auckland City | 9. Ōrākei, Auckland City | $2,028,400 | $2,028,400 |
| 10. Mission Bay, Auckland City | 10. Mission Bay, Auckland City | $2,005,400 | $2,005,400 |
| 11. Wānaka, Wānaka | 11. Wānaka, Wānaka | $1,974,350 | $1,974,350 |
| 12. Glendowie, Auckland City | 12. Glendowie, Auckland City | $1,973,350 | $1,973,350 |
| 13. Town Centre, Queenstown-Lakes | 13. Town Centre, Queenstown-Lakes | $1,972,200 | $1,972,200 |
| 14. Epsom, Auckland City | 14. Epsom, Auckland City | $1,854,600 | $1,854,600 |
| 15. Greenhithe, North Shore City | 15. Greenhithe, North Shore City | $1,846,500 | $1,846,500 |
| 16. Riverhead, Rodney | 16. Riverhead, Rodney | $1,839,950 | $1,839,950 |
| 17. Fendalton, Christchurch City | 17. Fendalton, Christchurch City | $1,824,200 | $1,824,200 |
| 18. Takapuna, North Shore City | 18. Takapuna, North Shore City | $1,791,850 | $1,791,850 |
| 19. Freemans Bay, Auckland City | 19. Freemans Bay, Auckland City | $1,784,950 | $1,784,950 |
| 20. Oneroa, Waiheke Island | 20. Oneroa, Waiheke Island | $1,761,050 | $1,761,050 |
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