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 significant shake-up in December. Auckland City, Central Otago, and Tasman all saw their average property prices fall below the $1M mark.
Conversely, Franklin and Tauranga joined the club, with their average prices climbing over one million dollars.
For buyers, opportunities have emerged with prices in Gisborne hitting a five-year low, while Wellington and Manukau City reached multi-year lows, signaling a dynamic and shifting market for property hunters.
Goodbye to the million-dollar club
New members of the $1M club
Opportunities: Five-year lows
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