Where to buy to catch Auckland’s future housing value gains

Buying into areas targeted as public transport hubs of the future is the smart move to benefit from Auckland’s booming housing values, experts say. The average Auckland home value has soared above $1 million for the first time, after Thursday’s release of new valuations by Auckland Council. The council has confirmed a 46 per cent increase in its valuations for residential property across Auckland as a whole. Andrew Bruce says if he bought an Auckland house today he would still be “reasonably confident” it will have gone up in value come 10 years’ time. While there’s broad agreement the Auckland housing market

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Wellington homes now even further out of reach for first-home buyers

Wellington house prices continue to climb as other parts of the country cool, pushing the cost of the average capital home up by $48,550 in the past year. The average asking price of a home in Wellington is now $528,200 – 10 per cent higher than it was a year ago. The figures, from the Trade Me property price index, also show a 5 per cent increase in demand, accompanied by an 8 per cent decrease in properties hitting the region’s market during the busy spring period. The combination is putting home ownership further out of the reach of many first-home buyers, and contrasts

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