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19 Apr 2024 8:39
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      Home > News > Business

    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


    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.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     19 Apr: Motorsport pundit Bob McMurray believes many of the country's top drivers owe their careers to the late Sir Colin Giltrap
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     18 Apr: The Reserve Bank may have to make some unpopular decisions
     17 Apr: Taylor Swift may get a tiny bit of the blame, for inflation and interest rates staying higher longer
     17 Apr: Inflation is slowing, but many New Zealanders are still getting poorer
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     Today's News

    		 Rugby League:
    To our angry NRL coach watch... an early contender for this week's crown is the Roosters' Trent Robinson 8:37

     Business:
    Motorsport pundit Bob McMurray believes many of the country's top drivers owe their careers to the late Sir Colin Giltrap 8:37

     Politics:
    The Government's decision to extend the timeframe for earthquake-strengthening work has gained support among Local Government New Zealand 8:17

     Entertainment:
    Taylor Swift has helped to make the Kansas City Chiefs a "worldwide team" 8:10

     Politics:
    Auckland Action Against Poverty says it's time to start a conversation about the meaning of work in New Zealand 7:57

     Law and Order:
    As Japan faces a population crisis that more foreigners could solve, the country's police are being sued for racial discrimination 7:57

     Law and Order:
    A training seminar for Wellington police dogs was a "howling success" organisers say 7:47

     Entertainment:
    Kristin Cavallari and Mark Estes' romance is "very serious" 7:40

     Basketball:
    Caitlin Clark is this year's number one draft pick in the WNBA. Her salary has sparked outrage 7:27

     Business:
    Households will need to keep spending tight for another year yet 7:27

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