Where are the cheapest houses in NZ? | Trade Me Property (2024)
Runanga on the West Coast was home to the most affordable property in the country in 2023 – it went for just $57,000 with a CV of $70,000. These are the suburbs with the lowest median values, according to CoreLogic:
Mataura in Gore (number 4) is a particularly interesting little town. Not long ago it was the place to buy a property in New Zealand, but median values there increased by 138.9% over five years.
The West Coast is the cheapest place to live in New Zealand, whether you're renting or buying a house. The average rent is far lower than any other region, with three bedroom standalone houses renting for as little as $400 a week on Trade Me Property and one bedroom self-contained units starting at $250 to $300.
In New Zealand, property ownership is highly valued and considered important for a reason - it provides security in retirement. Unfortunately, secure rental options are rare anywhere in New Zealand, and it is unlikely that the situation will improve any time soon.
Overseas people usually cannot buy a house or land in New Zealand. If you have a residence class visa but you are not yet 'ordinarily resident', you can buy or build one home to live in as long as you get consent from the Overseas Investment Office before you buy.
Seasonally adjusted median house prices fell 1.8% from February, but were up 2.8% from a year earlier, REINZ data showed. Seasonally adjusted national home sales fell 0.5% from February, but were up 26% from March 2023. 2023," REINZ Chief Executive Jen Baird said in a statement.
Address: Apt. 814 34339 Sauer Islands, Hirtheville, GA 02446-8771
Phone: +337636892828
Job: Lead Hospitality Designer
Hobby: Urban exploration, Tai chi, Lockpicking, Fashion, Gunsmithing, Pottery, Geocaching
Introduction: My name is Ray Christiansen, I am a fair, good, cute, gentle, vast, glamorous, excited person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
