Homes.co.nz: Buying a new home dearer than building one

  • Building a new house in a major centre could net you on average around $150,000 in capital gain, new research suggests.

Property research firm homes.co.nz has looked at the gap between the cost of a new section and the median price of a new house.

It found that in Auckland, Wellington and Queenstown – areas where the property market is at its hottest – new homes typically sold for around $600,000 more than an empty section.

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DOMINICO ZAPATA/FAIRFAX NZ

Construction of new houses in Hamilton, where the median section costs $340,980.