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State-built homes spurring Auckland's property boom
The city's house prices are now the second-highest relative to incomes among developed economies
Published Mon, Nov 23, 2015 · 09:50 PM
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Wellington
EVEN with its mould-streaked bathroom and kitchen without a sink, the duplex in bayside Auckland attracted a frenzied bidding war. Now it's one of the city's newest million-dollar government-built houses.
The two-bedroom, brick cottage on Kerr Street on the city's inner north shore fetched NZ$1.04 million (S$961,000) at an auction in September.
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