By September 2015 more than half the North Shore, Central, Eastern and Waiheke suburbs had crossed the threshold. And in Herne Bay, Auckland has its first $2 million suburb. Despite a lull in the rapid growth, two other suburbs - St Mary's Bay and Remuera - are tipped to cross that threshold this year.
Geographer Chris McDowall has analysed the data to create a new map of the city laying bare the remarkable ascent of property prices.
He says Auckland's geography creates a challenge for home-buyers and planners due to its two harbours and volcano and hill ranges. "When you remove the water and the hills, relatively little livable space remains," says McDowall.
"Our city's population is crammed into a narrow isthmus, sprawls along coastlines and nestles at the base of hills. These maps address the uneven distribution of residential areas by giving each suburb its own map tile, in a grid that approximates Auckland's geography."
The maps show the average values of each suburb and how much it each has risen. They also show the change in where property is being bought and sold.
"The 2015 map indicates that high numbers of properties are sold mainly in more affordable outer suburbs such as Henderson, Manurewa and Papatoetoe.
"St Heliers, Epsom , Mt Eden and Remuera constitute interesting exceptions."
CoreLogic predicts that Auckland house prices may dip slightly due to Government and Reserve Bank restrictions and foreign buyers less active.
"However, mortgage interest rates are at historic lows, migration at historic highs, and there is a substantial shortage of housing in Auckland," said Director of Research Jonno Ingerson. "These are strong factors putting upward pressure on Auckland prices, and as a result any drop in values is likely to be shallow and short-lived."
