AUCKLAND – HOTTEST PROPERTY MARKET IN THE WORLD RIGHT NOW

Auckland is becoming the hottest property market in the world. A third of the population (1.3 million people) of New Zealand are now living in the city of sails. The QV House Price Index for August saw the average value for homes in the Auckland region reach a new milestone by topping $1 Million – $1,013,632 to be exact. This is a huge increase from the average house price of $500,000 ten years ago. New Zealand has the second highest rate of house price inflation in the world at 11.2%, according to Knight Frank’s Global House Price Index. Only Turkey

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