An explanation of the economics behind a developer forking out 4.3 million dollars for a two bedroom brick and tile house in Auckland's Point Chev
An explanation of the economics behind a developer forking out 4.3 million dollars for a two bedroom brick and tile house in Auckland's Point Chev
3 August 2021
The purchase price is over twice its latest capital value.
OneRoof property commentator, Owen Vaughan says the market's gone crazy in the inner city suburb, especially for flat sections.
He says you could put up six townhouses on one section, and sell them for two million dollars each.
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