Auckland's average home value has risen above $900,000 and residential property values are 68 percent higher than the previous peak in 2007.
The latest monthly QV House Price Index shows that the region's residential property values for October increased 24.4 percent year on year, 7.3 percent over the past three months and are now 68 percent higher than the previous peak of 2007.
When adjusted for inflation values are 23.9 percent over the past year and are 42.8 percent above the 2007 peak.
The average value in the Auckland region has now surpassed $900,000 and is sitting at $918,153.
QV National Spokesperson Andrea Rush said Auckland values continue to rise, fuelled by high net migration and record low interest rates.
"While anecdotal evidence suggests that the market may have cooled somewhat in anticipation of regulatory measures being introduced by the Government and the Reserve Bank, there is still no sign that this is having any impact on rising values in the super city region."