Aucklanders are looking as far away as Hamilton to buy homes as more people find themselves squeezed out of their local real estate market.
Hamilton real estate agents say there has been a surge in inquiries about properties in their market where the average house price is $347,406.
Other real estate commentators say some are even choosing to make the 90-minute commute over the Bombay Hills while maintaining their lifestyle in the Waikato.
In Auckland, the average house price is $628,205 but that will not buy much for those wanting more than an apartment or a unit in the inner city suburbs.
Sue Hall, of Hamilton's Ray White, said there was increased interest in the local market from Aucklanders with a "huge influx" making inquiries and many taking the trip south for a look.
She said $600,000 could buy a modern four bedroom home with a decent section, two living areas, two bathrooms and a garage with enough room for three cars.
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COMPARING COSTS
The total Auckland region has an average house price of $628,205.
In Ponsonby this will get you a 2 bedroom, 1 bathroom apartment, 100sq m, land area 0, 2 secure car parks. Chattels include carpeting, window dressings, burglar alarm, dishwasher and two air conditioning units. Current rent: $560pw.
$629,000 in Hamilton buys:
4 bedrooms, 2 bathroom house, 242sq m, land area 626sq m, double glazing, heat pumps, double garage, 10mins drive to CBD.作者: 阿海 时间: 2013-5-21 12:59:54
the median price in Apr of hamilton has gone down a bit. Does hamilton attract more immigrants in the near future? What are the local industries doing? I notice that there are some big development in some hamillton suburbs recently.作者: yax 时间: 2013-5-21 13:15:39