Quote Originally Posted by Blackrose View Post
Wooh, what happened to Auckland with the whole million dollar price tag stuff we all got told about just a few months ago?
$865k, now.
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.

So my initial statement was that Auckland house prices were in bubble territory but it kinda looks like a deflating bust now....
I am not sure about that. See above.

...
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.
Opinion piece in the NZH
http://www.nzherald.co.nz/business/n...ectid=11880933