589 properties · Mount Wellington, Auckland

Panama Road, Mount Wellington

Panama Road in Mount Wellington has 589 properties, valued by the council between $235,000 and $11,900,000 with a median of $800,000 (Mount Wellington: $910,000). More of its homes were built in the 1960s than in any other decade. We estimate its homes at a median $730,000. 20 sold in the last twelve months, for a median $672,500. The highest sale in 2026 was 323 Panama Road, at $1,350,000.

$800kmedian council valuation
$730kour median estimate
$673kmedian sale, last 12 months · 20 sales
1970median year built
AucklandMount Wellington ×Panama Road ×

594 properties on Panama Road, Mount Wellington

Highest and lowest on Panama Road

Highest-valued home127 Panama Road$11,900,000council valuation · 3 bed · 1747 m² floor · 6,817 m² land
Lowest-valued home78B Panama Road$235,000council valuation · 160 m² land
Highest sale in 2026323 Panama Road$1,350,000sold 4 May 2026 · 1 bed · 204 m² floor · 1,553 m² land

Property values on Panama Road

The council values Panama Road's 568 rated properties between $235,000 and $11,900,000. The middle half sit between about $715,000 and $955,000; the median is $800,000 and the mean $909,217.

Lowest: $235k$235kLowest10%: $590k20%: $690k20%30%: $740k40%: $780k40%Median: $800k60%: $870k60%70%: $910k80%: $1.0m80%90%: $1.24mHighest: $11.9m$11.9mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
116$500k1—
2150$690k9$583k
3275$860k5$755k
459$1.05m0—
5+14$1.24m0—

Council rating valuations: the council's figure for apportioning rates, not a market appraisal.

Panama Road compared with Mount Wellington

Panama Road's median council value is 12% below Mount Wellington's.

Panama RoadMount WellingtonAuckland
Median council value$800k$910k$1.07m
Median sale, last 12 months$673k$855k$1.0m
Sold in the last 12 months3.4%3.6%3.6%
Time between sales8.8 yrs8.7 yrs8.9 yrs
Median section675 m²434 m²607 m²
Median year built197019801980
Council value per m² of floor$8k$8k$8k

Panama Road house prices over time

Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.

2016: $675k (29 sales)$675k20162017: $720k (17 sales)2018: $626k (23 sales)20182019: $700k (15 sales)2020: $758k (32 sales)20202021: $908k (34 sales)$908k2022: $745k (13 sales)20222023: $785k (23 sales)2024: $808k (14 sales)20242025: $685k (36 sales)2026: $648k (12 sales, this year so far)$648k2026
Sales by year as a table
YearSalesMedian pricePer m² floor
202612$648,000$6,687
202536$684,500$7,425
202414$807,500$9,076
202323$785,000$8,196
202213$745,000$7,737
202134$907,500$9,596
202032$757,500$7,838
201915$700,000$6,436
201823$626,000$6,313
201717$720,000$7,408
201629$675,000$6,886

Recent sales on Panama Road

The homes on Panama Road

Panama Road has 350 houses, 199 units and townhouses, 31 apartments and 7 sections. More were built in the 1960s than in any other decade (33%).

1910s: 2 (2 homes)21920s: 4 (4 homes)1920s1930s: 1 (1 home)1940s: 4 (4 homes)1940s1950s: 67 (67 homes)1960s: 186 (186 homes)1861960s1970s: 117 (117 homes)1980s: 27 (27 homes)1980s1990s: 26 (26 homes)2000s: 21 (21 homes)2000s2010s: 33 (33 homes)2020s: 71 (71 homes)712020s

How long owners stay on Panama Road

Homes on Panama Road that resold in the last five years had been held a median 8.8 years (Mount Wellington: 8.7 years).

Time between a home's sales, for 69 resales in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.

Building and resource consents on Panama Road

10building consents in the last 5 years
23resource consents in the last 5 years
  • 38 Panama Road1 Mar 2026 · Building consentConstruction of detached dwg - single storey with 2
  • 420D Panama Road1 Sept 2025 · Building consentRbw - adding a toilet on the ground floor.
  • 420C Panama Road1 Jul 2025 · Building consentFixed fee - adding an extra cooktop & rangehood to the existing house.
  • 28 Panama Road1 Jul 2025 · Building consentConstruction of detached dwg - single storey with 3
  • 80 Panama Road1 May 2025 · Building consentRbw - separation from bco10367110. Units 3-8. Drainage & driveway work is under this bc application.
  • 225 Panama Road21 May 2025 · Resource consentTo undertake a four residential lot fee simple subdivision around an approved land use consent LUC60443939.
  • 225 Panama Road21 May 2025 · Resource consentTo construct four new dwellings with associated access, car parking and earthworks.
  • 446 Panama Road12 Jun 2024 · Resource consentExtension of existing rest home onsite, with 19 new bedrooms. Associated stormwater discharge and diversion.
  • 446 Panama Road12 Jun 2024 · Resource consentExtension of existing resthome onsite, with 19 new bedrooms
  • 80 Panama Road23 May 2023 · Resource consentTo remove the existing dwelling and pool, and construct eight dwellings with a new vehicle crossing and six on-site parking spaces.

Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.