The median home price in Auckland is > NZ$1M. He is saying a house he would refuse to buy costs $700k.
Unfortunately for those in many industries, Auckland is one of the few viable options for those that want to live in New Zealand and have access to a good job market. It has effectively priced out many from owning a home, even those earning a good income.
Unfortunately for those in many industries, Auckland is one of the few viable options for those that want to live in New Zealand and have access to a good job market. It has effectively priced out many from owning a home, even those earning a good income.