Homes in some of the most sought after suburbs in New Zealand are continuing to rise in value, with the most number of properties on record breaking the NZ$1-million (£501K) price tag.

A good example of an Auckland suburb that has recently edged into the NZ$1-million club is Mission Bay, a beach resort with an average residential property value of NZ$1.01 million, representing a 2.4% rise over three months and of 11.2% in the last two years. If you’re looking for luxury New Zealand property to invest in, you could try Herne Bay, which has an average price tag of NZ$1,698,333, showing that demand for luxury property in the country is still strong in some areas.

An agent for Barfoot & Thompson said: “Anything in Mission Bay around $1-million, you can be assured we will sell it straightaway. Properties around NZ$1-million at the moment are like hot cakes. It’s very, very easy to sell properties around that.”

New Zealand is a popular emigration destination for British people. Anyone considering a move there should plan carefully how they change their pounds to NZ dollars. Currency specialist Smart Currency Exchange will be able to assist with all your currency transfer needs.

To understand the full step-by-step process to buying a property in New Zealand, collect The Overseas Guides Company’s ‘New Zealand Property Buying Guide’