Colleen Hawkes15:18, May 26 2021
David White/Stuff
The four two-storey houses of The Block NZ houses near completion in Huia Road, Point Chevalier. The two sites were bought for a combined total of $3.55 million in 2019.
No matter whether or not you watch the lead-up to
The Block NZ house auctions – those 12 weeks of painting, all-nighters, role-playing and room reveals – there’s a fair likelihood you will tune in to the live auctions at the end. Because this is where we see just what the state of the Auckland market is like for new townhouses in a sought-after location. Two years ago, it was the Kingsland apartments, but the ninth season of
Will Covid-19 delay bring bumper rewards for The Block NZ, and will prices top $2 million? stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
RAY WHITE
This property in Te Atatu has watertight issues, but was sold recently by Ray White. The buyer, who works in construction, has moved in with flatties, but has long-term plans to demolish the house and rebuild.
As the median price of property escalates every month, buyers could be forgiven for thinking that buying a leaky home might be a way to get ahead on the property ladder. The price of the property would still be comparatively low, and, eventually, once the house has been reclad, you would have an “as-new” house that would benefit more from any increase in median prices.
Hot in the city: Townhouse next to Auckland motorway nudges $1m in first auction
16 Jan, 2021 04:00 PM
4 minutes to read
Patrick Gibbs and Elaine Chen own a central city apartment, but wanted to buy a home with some outside space so they can start a family. Photo / Hayden Woodward
Patrick Gibbs and Elaine Chen own a central city apartment, but wanted to buy a home with some outside space so they can start a family. Photo / Hayden Woodward
A new year hasn t taken the heat out of Auckland s property market, with a three-bedroom townhouse next to a busy motorway selling for almost $1 million in the first Saturday auction of 2021.