What housing crisis? Auckland home price cut to just $1000 – but there’s a catch

  • Desperate home buyers can scoop a bargain with an Auckland three-bedroom home selling for just $1000 – but there is a catch.

The leasehold property carries $38,000 annual lease charges.

The asking price of the home in St Johns has even dropped from $10,000 to $1000.

With house values being quoted as rising $1000 per week in Auckland in 2015, it’s surely a bargain.

READ MORE:
* House prices rise, but not in Auckland
* Warning of unstable Auckland house prices
Silence of council not golden during housing boom
Auckland’s housing boom is spreading and that is a problem: economist Rodney Dickens

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This three bedroom Auckland house is on the market for $1,000 – but there’s a catch.

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