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it would have sold for about $125,000 in 2012
$170,000 in 2013
$200,000 in 2014
$220,000 in 2015
$250,000 in 2016
doubling in 4 years
but even if it the seller accepts an offer fr it for $300,000
it's hard to see such a tiny studio selling for $600,000 in 2021
CBD site has consent for nine level building Unless immigration policies change and the building of new homes catches up, values will likely continue to rise until the housing shortage is satisfied, he says.
"So far this has not been the case even with increased residential development pipelines across the city.
The first new apartment units to be completed near Karangahape Rd sold off-plan for between $8000 per sq m and $10,000 per sq m in 2013.
Today those same units are selling for between $10,500 per square metre and $12,500 per sq m."
Meanwhile, apartments in new developments being sold off-plan are selling for up to $15,000 per sq m.
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