OneRoof·3 min read·easy

'People lined up ... it was mental': The small town where $700,000 buys any house you want

N
Nikki Preston
'People lined up ... it was mental': The small town where $700,000 buys any house you want
AI Summary

The town of Kawerau in New Zealand has become a hotspot for first-home buyers due to its exceptionally low property prices compared to the national average. Local real estate agents report that buyers are flocking to the area to secure affordable homes, often finding they can purchase significantly larger properties than they could in major cities like Auckland.

Share twitter Share linkedin Share link The median house value in Kawerau is $420,000 - almost half the national median value of $804,000. Photo / Alick Saunders Photography - Kawerau has become New Zealand’s leading first-home buyer market, with buyers making 44% of purchases.

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