Thousands crowd the streets to get a glimpse of the America's Cup!

Auckland's CBD has come to a standstill as crowds gather to welcome the victorious Team New Zealand and the America's Cup trophy back home.

Helmsman Peter Burling, CEO Grant Dalton and dozens of other members of the team will ride utes during the ticker tape parade.

Up to 100,000 people are expected to line the city's streets as the team makes its way down Queen St to Princes Wharf, before taking to the water and sailing around the Viaduct and downtown wharves.

Christchurch will now host an America's Cup victory parade for Team New Zealand next Wednesday.

The team will be welcomed to the South Island at a ceremony from 12pm and the parade will feature the Auld Mug and 25 members of the victorious team.

Christchurch Mayor Lianne Dalziel says they have done the nation proud in winning the America's Cup.

"I wrote the team a letter congratulating them on the win," she says.

"I said we would love to host them in the city to welcome them home in South Island style and they came back saying they were considering the request. I am just so delighted that they have said yes to our offer.

More details about the parade are expected to be released over the coming days.

Newshub.