Herne Bay

Herne Bay holds the honour of the most expensive suburb in NZ as reported recently in the NZ Herald. Whilst the average price quoted in the article is open to some interpretation there is no doubt that this suburb is an exclusive enclave of inner Auckland.

The last census showed that there is a resident population of 3,666 from among 1,491 dwellings.

In the 12 months from December 2007 to November 2008 there were 44 reported sales by real estate agents in the suburb – total sales value – just under $83 million, resulting in an average price of $1.885 million. The graph below shows the distribution of sales from highest to lowest.

The top priced property sold for $9.25m in the year, however there were only 5 properties sold over $3m, and a further 7 in the range of $2m to $3m.

Currently there are 67 properties on the market with some units for sale around the $500,000 mark whilst single dwellings start around the $1m mark.

To gain a fuller perspective on the suburb as well as statistics of median price and inventory movements and “days on the market” check out the Herne Bay suburb profile page, additionally if you are looking for information on a particular property in Herne Bay – one you may already own or always wanted to buy, then search by street in Herne Bay.