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  1. #1
    Join Date
    Sep 2003
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    Default NZ's cheapest - and most expensive - suburbs

    NZ's cheapest - and most expensive - suburbs

    MICHELLE COOKE Last updated 05:00 06/04/2012
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    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
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  2. #2

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    While these places don't surprise me at all, the figures are quite nice to know and interesting. Thanks for the info!
    Waterfront NZ - New Zealand's brand new waterfront/water view property listing site. Perfect if you're looking for an investment property.

  3. #3
    Join Date
    Nov 2011
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    448

    Default

    why so cheap in patea?

  4. #4
    Join Date
    Sep 2008
    Posts
    4,658

    Default

    generally

    because there are more houses than jobs
    people keep trying to rewrite the world as themselves

    like that'll work...


 

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