MICHELLE COOKE Last updated 05:00 06/04/2012 Share
House hunters on a tight budget will want to stay clear of Auckland’s Herne Bay, but might take comfort in knowing the average house in Patea, Taranaki, costs little more than what most people spend on a deposit.
Fourteen of the 15 most expensive suburbs to live in New Zealand are in Auckland, which for most will come as no surprise.
The 15 cheapest suburbs are more diverse as they are spread throughout the country – but none of the most populated cities make the list.
The country’s and Auckland’s most expensive suburbs include Parnell, Remuera, Takapuna and Mission Bay, according to recent data from Quotable Value (www.qv.co.nz).
The only suburb to make the list that wasn’t in Auckland was Lowry Bay in Wellington.
The country’s most expensive suburb Herne Bay has an average house price of $1.85 million, 25 times more expensive than the average house price in the country’s cheapest suburb Patea.
The average house price in Patea is just $75,000.
Joining Patea on the list of the country’s cheapest areas are Taumarunui in Ruapehu, Mataura in Gore and Kawerau.
The lists aren’t definite because if there are no sales or very little sales in an area then it is too difficult to come up with an average price using an evaluation model, Research Director for Property IQ Jonno Ingerson said.
More plus map http://www.stuff.co.nz/business/mone...ensive-suburbs
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