AirAsia X is offering $99 fares from Auckland to the Gold Coast and $249 to Kuala Lumpur to launch its return to New Zealand in two months.
The airline, Southeast Asia's biggest budget carrier, will start the daily services from March 22.
An Airbus A330-300 aircraft will be used on the route with a seating capacity of 377.
Rival airline Air New Zealand is offering fares as low as $179 to the Gold Coast in the week AirAsia launches and Jetstar's fares start at $149, according to the carriers' websites.
The Gold Coast is a favourite holiday destination for New Zealand families.