Depends - are you comparing median price with average price? Average price is a fair bit higher than median. Also, median prices can vary month to month depending on mix of expensive v. cheap houses sold during the month.
I am not sure about that. See above.So my initial statement was that Auckland house prices were in bubble territory but it kinda looks like a deflating bust now....
Opinion piece in the NZH...
After Auckland's leaky building fiasco, (literally I have a family member that wrote the book on that) and the ongoing cheap building materials being everywhere I'd have no faith in off plan apartment purchasing. My $0.02 of course!! I'm not everyone.
http://www.nzherald.co.nz/business/n...ectid=11880933
Bookmarks