Feature article
There's been a shake-up in NZ's million-dollar property club
While some regions have seen property prices fall, others are booming.
AI summary
New Zealand's million-dollar property club saw a significant shake-up in December. Auckland City, Central Otago, and Tasman's average prices fell below the $1M mark.
Conversely, Franklin and Tauranga both joined the club as their average values surpassed one million dollars.
This shifting market presents opportunities for buyers, with several regions hitting multi-year lows:
- Gisborne (five-year low)
- Wellington, Manukau City, and Rodney (two-year lows)
These price movements highlight a dynamic property landscape across the country.
Goodbye to the million-dollar club
New members of the $1M club
Opportunities: Five-year lows
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