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Property demand continues to outstrip supply, driving record median prices even higher. In Auckland, where the average house price is more than $1 million, there’s a jarring number of empty derelicts.
New Zealand is in a housing crisis. Around the country, the demand for property continues to outstrip supply, driving record median prices even higher. Last month
Stuff featured Auckland s million-dollar dumps – derelict residential properties worth seven figures. In part two of Caroline Williams’ investigation, she reveals some of the million-dollar dumps owned by the Auckland Council and the Government. To the side of East Auckland’s Te Ara ki Uta ki Tai cycleway, nestled in overgrown greenery, is a building that wouldn’t get a second glance if it weren’t for hot pink graffiti.
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