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Bridging The Gap
Staggering divide between super-rich and rest of us in property markets.
  Tuesday 02 January, 2018
Staggering divide between super-rich and rest of us in property markets.

New figures have revealed the staggering divide between the super-rich and the rest of us in New Zealand's city property markets.

At the top end is New Zealand's most expensive house sold in 2017 – a beachfront home on Auckland's North Shore, which reclaimed its title of the country's dearest after selling for almost $29 million.

Figures from property valuation company CoreLogic have revealed the most and least expensive house sales in 2017.

At the bottom end was a do-it-yourselfer's dream near Feilding, in Manawatū. But each of the country's main

Egalitarian Dunedin – where the most expensive was a $1.7m home on Sargood St and the least was a $45,000 home on Korimako St, Maori Hill – had the lowest divide.

Auckland – where the cheapest home was a $112,000 flat in Scotia Pl, central Auckland – predictably had the biggest divide.

It was followed by Christchurch, where a lifestyle home on Hawthornden Rd fetched a cool $5.8m and a flat in St Asaph St, Phillipstown, sold for $65,000.

Wellington's top property was a $3.78m home looking over Oriental Bay to the city centre, while the cheapest – a unit in a Lower Hutt retirement community – had a view of a pohutukawa tree and a price tag of just $80,000.




source:https://www.stuff.co.nz/business/property/99931017/new-zealands-mostexpensive-home-breaks-its-own-record

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