What can $1M buy you in NZ?

Million dollar-plus properties are selling at the rate of 25 a day in New Zealand — 22 a day in Auckland.

Of the 9,424 million-dollar-plus homes sold around New Zealand this year, 8,261 of them were in Auckland, according to the latest Real Estate Institute of New Zealand figures. That equates to a 91% increase.

The median price for Auckland homes was $748,250, a 16.8% increase from this time last year. And REINZ data showed that, while sales volumes fell 4.1% nationally last month, on an annual basis sale volumes rose 19%. 

So, let's see what $1,000,000 can buy you in New Zealand at the moment...

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11543226

Shannon Corbett