Auckland Land Values: Convenience Over Coastal Views Revealed

A new analysis by the Auckland Council has revealed that convenience is the primary driver of residential land values in the city, overshadowing coastal views. The report, based on property valuations from last year and a new spatial demand model, identifies the areas with the highest and lowest land values across Auckland.

According to the report, the most valuable land is located in Takapuna, the suburbs to the west and east of the central business district (CBD), and the eastern bays. Areas such as East Coast Bays, the Devonport peninsula, Hobsonville, the main city isthmus, Howick, Totara Park, and Manukau also show above-average land values. In contrast, the lowest land values are found in Massey West, Glen Eden, Māngere, and Ōtara.

Gary Blick, Chief Economist at Auckland Council, stated that proximity to commercial centres significantly influences land values. He noted, “Demand tends to be stronger in central locations and locations that are closer to things people need in their daily lives, such as access to services like shops, transport links, and jobs.”

While coastal views and natural amenities can add value, Blick emphasized the importance of convenience. “Some people want a bit more personal space and are happy to live a bit further away and travel a bit more,” he explained. Transport corridors, particularly those with major train stations or transport hubs, also enhance land values. “When you’ve got a rapid transport network that gives you frequency and speed—like around those station catchments—people are prepared to pay a little bit more for those locations and the convenience they offer.”

The relationship between land values and housing prices can vary significantly based on several factors. The number of homes built on a piece of land or the potential for construction under existing planning regulations can impact values. Blick highlighted that increased land intensity or flexible land use allows for more productive utilization, which can elevate land value. “Even though the land value goes up, you can use it more flexibly, and you can use less land per home,” he said, suggesting that options like terraced houses or townhouses are increasingly appealing.

This week, Auckland Council voted to initiate public consultation on a new plan change that will determine the extent of intensification allowed across the city. Chris Bishop, Minister for the Resource Management Act, announced that Auckland residents will have the opportunity to voice their opinions on the proposed plans from November 3 to December 19.

The insights from this report highlight a critical shift in how urban development and land use are valued in Auckland. As the city continues to evolve, the balance between convenience and natural beauty will likely remain a key factor in shaping residential landscapes.