The article attached outlines new median house prices in Auckland . It highlights the suburbs which now fall into the million dollar plus bracket and certain areas have seen substantial growth. Pinehill on the North Shore has risen 20.7 % along with Half Moon Bay Manukau and Kingsland Auckland City in the space of 1 year.
Valuers reasons for increase are good schooling zones, transport and well established areas to name a few. Owners who bought these properties years ago have made huge capital growth however if your buying and selling in a high market you may get a huge dividend on your investment yet to buy in the same market you are also paying extremely high prices.
For those moving out of Auckland to other locations in the country you are obviously going to come out on top .
Check out your suburb and see how it stacks up by clicking into the below attachment.
House Prices Increasing in Auckland
