Waterfront Cremorne Street in the central Auckland suburb of Herne Bay is the country’s most expensive road, new data shows.
Homes.co.nz has compiled a list of the country’s priciest streets. Cremorne St comes in at number one, with a median estimated value of $6.554 million. That’s up from $6.014m last year – an increase of just under 9 per cent. Auckland-wide, house values are only up 0.8 per cent year-on-year, according to the most recent QV data.
“It’s hard to imagine that those on the wealthiest street in NZ have netted capital gains of $500,000 in the last 12 months, even with the slowdown in the market,” Homes.co.nz spokesman Jeremy O’Hanlon said.
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