Auckland's growing population is being suggested as one reason for the city's booming property prices.
The QV residential property index for November shows Auckland prices are up 3.4 percent, compared to the same time last year.
The average sale price last month in Auckland was just under $514,000.
Massey University property Professor Bob Hargreaves says it's all about demand.
"Certainly we have been losing people to Australia but still with our natural births less deaths, and people tend to prefer Auckland when they come to New Zealand," he says.
Mr Hargreaves says other factors pushing up prices are the fact fewer new houses are being built, escalating building costs and low interest rates.
By Natasha Burling
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