NZ's best-value house suburbs

If you had $450,000 to spend on a house, where would you buy? The answer will vary wildly depending on where you work, where you grew up, where your friends are and your lifestyle.

So while there is no definitive answer to the question of what suburb is the best value for money for the home buyer in Auckland - and in other parts of New Zealand - it's clear that price is not the only factor. So we've taken the most recent median sale price for Auckland - $450,000 - and asked experts where to buy now.

St George Bank economists recently researched suburbs across Australia to determine which ones were likely to provide the strongest value. The study was based on criteria such as renovation potential and proximity to central business districts, transport and retail outlets, as well as strong pricing.

Using similar criteria, we've chosen a group of Auckland and New Zealand suburbs that should give you good bang for your bucks.

Professor Bob Hargreaves, chair in property studies at Massey University, says if you're buying an investment property, getting the best return often means choosing a suburb where houses are cheaper.

To read the full NZ Herald article click here

Posted: 20 Sep 2009

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