Table of Contents
What is the average Auckland house price?
Auckland’s average sales prices dropped to $1,132,552 in September, down 4.2 per cent from $1,181,596 in August, according to Barfoot & Thompson’s latest figures. The figures showed the city’s median price also fell. It was $1,100,000 in September down 2.7 per cent from $1,130,000 the month before.
What is the average build cost in NZ?
New figures from Stats NZ show the national average cost to build per square metre was $2325, in the year ending June. That figure does not include land, design or consent costs. Stats NZ puts the average size of all homes consented at 155sqm in 2021, which makes the build cost of a single storey, 155sqm home $360,375.
Why are Auckland houses so expensive?
Capital is attracted to a non-productive (in respect to current housing stock) sector. High levels of household indebtedness constrain spending and/or other investment.
How much does it cost to build a house in NZ in 2020?
Median cost of a home in 2021. Cost of building a new house in 2020….Cost of building a new house in 2020.
| Region | Auckland |
|---|---|
| $ per m2 | $2443 |
| Average Price | $362,689 |
| Average Size | 148m2 |
How much should land cost when building a house?
Ailion also suggests a good rule of thumb is to estimate the lot at about 20 – 30\% of the finished value of the home. So, for example, if you are expecting a $300,000 construction cost, you should be looking at around a $90,000 land cost.
What size house can I build for 200k?
If your budget is under $200,000 On average, you can build a modern home of about 1,000 to 2,000 square feet with this budget. This equates to a one- to four-bedroom home, which can cost as little as $90,000 (but up to $500,000).
Are 2 story homes cheaper to build?
When it comes to pure economics, two story homes are surprisingly the more affordable option. Tall rather than wide, two story homes have a smaller footprint, which means there is less foundation for the home and also less roof structure up at the top. All together, two story homes offer construction cost savings.
How much does it cost to build a house in New Zealand?
Rough cost to build a house in New Zealand start at $1500-2000 sqm for a very basic house, $2500-$3000 for a mid-range, and then anything above $3500 for an architecturally designed bespoke house.
How much of New Zealand’s construction taking place in Auckland?
In fact, some 25\% of all building in New Zealand during the last quarter of 2018 took place in Auckland.⁵ If you’re considering buying a place soon, it’s well worth checking out the most recent construction industry figures to see where property numbers are on the increase.
What was the average house price in Auckland in July 2021?
The price of residential property in New Zealand was the highest in the Auckland region in July 2021, with an average sale price of over 1.18 million New Zealand dollars. Skip to main content Try our corporate solution for free!
How much does a 140 sqm 3 bedroom house cost?
The national average price for a standard 140 sqm 3 bedroom house according to NZIQS is $260,000 or $1850 per sqm as of August 2016. Now this would be a pretty good place to stop and set your budget to this figure, that’s of course, is if what you want a standard 140sqm 3 bedroom home.