10 ms·

Hi, how expensive is it? I mean, I live in Southern California, and a 3 bedroom house 17 miles inland is upwards of $500,000. Checking real estate in NZ, houses

• bitserf 13y ago
  Outside of Auckland, it's reasonably affordable. In Auckland, the average price is quite high relative to incomes. Most of my friends who entered the market recently were looking at prices of between $650k-$850k for something smallish in an OK area. This was for houses which were not new builds (70s/80s) and would need a bit of work to get up to scratch (insulation, plumbing, kitchen/bathroom remodelling). So I've just been sitting and building equity and cash reserves. Who knows when/if it will return to earth, but I don't feel comfortable leveraging up that much, so as a single buyer, I'm sitting this one out.