Average residential property prices in Auckland, New Zealand now stand at $502,297 (£176,297), according to the citys largest estate agents Barfoot & Thompson.

Peter Thompson of Barfoot & Thompson, said: "Spring has seen a huge increase in activity and thats being reflected in higher prices. Theres been a noticeable increase in buyer inquiry over the past month and a corresponding increase in the number of potential buyers registering for our upcoming auctions. The busy market is being experienced across all price ranges."