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New Zealand property prices are worse than in Aussie
With Auckland undergoing its property boom, house-buyers in Sydney should feel a little lucky. Unprecedented sales activity in March has seen Auckland's residential housing market establish new records for prices and sales numbers. The average house price is even more expensive than in Sydney, with the gap widening as a stronger Kiwi dollar heads towards parity. Barfoot & Thompson, the largest agent in the nation's largest city, is going gangbusters, selling a record 420 homes for more than $1.01 million in March, an increase of about 40 per cent on 12 months ago, and a quarter of all sales. The company says its ... (full story)
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