Feature article
There's been a shake-up in NZ's million-dollar property club
While some regions have seen property prices fall, others are booming.
AI summary
New Zealand's million-dollar property club saw a major shake-up in December. Average prices in Auckland City, Central Otago, and Tasman fell below the $1M mark.
Conversely, both Franklin and Tauranga crossed the million-dollar threshold, rejoining the exclusive club.
For buyers, several regions offer opportunities with prices at multi-year lows. Gisborne hit a five-year low, while Wellington and Manukau City reached two-year lows, creating potential value for those looking to purchase property.
Goodbye to the million-dollar club
New members of the $1M club
Opportunities: Five-year lows
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