• Auckland home ownership is becoming increasingly unattainable and proximity to the market’s peak is one of the city’s most debated topics.

The average house price cracked $1 million in September – more than 10 times the median household income. Affordable houses are internationally recognised as three times median income.

Barfoot and Thompson’s October sales data shows residential properties have only become scarcer and more expensive since one year ago.

READ MORE VIA STUFF

barfoot-and-thompson-auctioneer-murray-smith

Lawrence Smith
Barfoot and Thompson auctioneer Murray Smith addresses bidders – still crowding the room – at a downtown Auckland auction.

Don't be shy! Have your say....