First time buyers priced out

  • The latest qv.co.nz E-Valuer suburb stats published in the NZ Herald’s Property Report on Monday (June 13) show that all suburbs in the super city saw value increases of between 8 and 20 per cent in the year to March.

It also shows that 72 out of the 167 Auckland suburbs measured now have an average value of more than $1 million and Herne Bay is over $2 million.

READ MORE VIA NZHERALD

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According to QV.co.nz only 9 Auckland suburbs have homes with an average value of less than $550,000.

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