Where do the rich people live in Auckland?

Aucklands exclusive Herne Bay remains New Zealands most expensive suburb and Takapuna takes the title for the most expensive property sale so far this year.

Is New Zealand a poor country?

Fact 1: There is poverty in the midst of prosperity in Aotearoa New Zealand. There is poverty amidst prosperity: There are around 682,500 people in poverty in this country or one in seven households, including around 220,000 children.

Will New Zealand house prices fall?

The Reserve Bank predicts house prices could begin to drop as early as next year, and by about five per cent by 2024 as a “very modest” estimate.

Why is houses so expensive in NZ?

In NZ our low interest rates and eager bank lenders coupled with our culture of house ownership and pretty soon a virtuous circle of increasing house prices fed into increasing economic growth, which fed into increasing house prices.

Is Epsom Auckland a good place to live?

If you and your family are seeking an exclusive corner of Auckland when you move to New Zealand, Epsom should be top of the list. The suburb is located 5km south of the CBD, close to other highly-desirable prime locations, including Mount Eden, Newmarket and Greenlane.