Auckland property’s hot – so what about the rest of NZ?

  • Young Aucklanders with dreams of buying a first home are increasingly looking to other parts of New Zealand, as the average Auckland house price approaches $1 million.

Recent statistics reveal only 14 per cent of hopeful buyers believe they will own a property within two years, with a similar number extending that to 2031.

Thirty per cent of Auckland house-hunters between the ages of 18 to 34 expect to buy their own home, while 70 per cent do not see owning a home in their future.

READ MORE:
Young house-hunters’ property market fears
Where are the highest rental returns? Gisborne
Young Aucklanders save despite little hope

READ MORE OF THIS STORY AT: NZHERALD

Dunedin

Dunedin is the cheapest region for first-home buyers, with an average house asking price of $311,088. Photo / Getty Images

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