Auckland NZ checking in. Ex-state-houses (our term for the homes that the government provides to welfare recipients who cannot afford market rents) in desirable

Auckland NZ checking in. Ex-state-houses (our term for the homes that the government provides to welfare recipients who cannot afford market rents) in desirable areas are now reaching $1 million. Homes at auction frequently sell for way way over the reserve price and registered valuation. My brother and his wife purchased a house there for around $500k several years ago, and 18 months later sold it for $750k+.