There's been a shake-up in NZ's million-dollar property club

New Zealand's million-dollar property club saw a significant shake-up in December, with some regions falling out and others rejoining.

Average prices in Auckland City, Central Otago, and Tasman all dropped below the $1 million threshold. In contrast, both Franklin and Tauranga crossed back into seven-figure territory.

This shifting market creates opportunities for buyers, with regions like Gisborne hitting a five-year price low and Wellington also seeing significant price drops, creating unique value for property hunters.