Great idea to get a bike. Auckland Uni is bike-friendly with plenty of parking and you will find it is actually easier to go around on a bike than using a car, a bus, a train or walking. Make sure you have a very good helmet. That $50 you save by not getting a top helmet would become a million dollar if you ever fall down.
Regarding your question, you are safe when you park during the day. In the night it is a bit of a challenge but you can easily overcome it. Go to any motorcycle dealer and buy a lock. Many of these locks are so solid that in the US they guaranty to replace whatever gets stolen by cutting the lock. Then lock your bike wheel against something fairly solid. Thieves will need a good 6 to 8 hours and lot of effort to cut it if they have pro tools. Even if they cut the support you have connected your bike to, it means they cannot use that locked tyre.. All this is a good enough deterrent.
If you are paranoid you can have an immobilizer system and/or an alarm system installed, but that would be over the top for anything cheaper than $20,000 in my view
Ideally park your bike close enough to your bedroom so you can hear if anyone is "interested" at it at 1am.
Insurance is your last line of defense. Around $450 gets you full cover including theft, but things get a bit more expensive if you are learner or a restricted..
Good luck and have fun!

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