HOW LVR REGULATIONS KEEP HOUSE PRICES DOWN-NOT

The changing face of Auckland’s million dollar-plus homes
October 10, 2014
Greg Ninness


This ex-state house in Mt Roskill sold for $1.125 million.

A 1950s era, ex-State house out the back of Mt Roskill sold at auction for $1.125 million on Wednesday.

The three bedroom house was on an elevated but south facing site between the Mt Roskill shops and Three Kings and looked towards the South Western Motorway.

It had a rating valuation of $600,000.

The agent who handled the sale, Peter Cashmore of Bayleys’ Mt Albert office said it was a “staggering price” and he had no idea it would fetch so much.

Link:

http://www.interest.co.nz/property/72386/changing-face-aucklands-million-dollar-plus-homes

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