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What will $1,000,000 buy you around the world?

With the average property price in Auckland having surpassed the million dollar mark, we thought for a bit of fun we'd shop around the world to see what $1,000,000 could get you...

SYDNEY

This 2.85m wide home sitting on 38 square metres of land, but in the hip area of Surrey Hills in Sydney, sold at auction recently for $965k AU

MELBOURNE

Described as 'a weary old house, ripe for redevelopment', this Fitzroy house in Melbourne sits on 260 sq.m. of land and has a price indication around $1million AU

AUCKLAND

A million dollar budget recently bought this modest two bedroom home in Onehunga, 8km south of the city

TAURANGA

This 1940s character home in one of Tauranga's best tree-lined streets offers 4 bedrooms, a swimming pool and a media room, with an asking price of $1,070,000

SÃO PAULO

A newly built, architecturally designed 4 bedroom house with 5 bathrooms and 2 kitchens across 1,000 sq.m. in Sao Paulo, Brazil, has a price indication of around $1m NZD

NEW YORK

A million dollar NZD budget will buy you around 26 sq. m. of floor space in central New York, such as this studio apartment pictured (yes, the lounge also serves as the bedroom)

NAVARRENX, PYRENEES-ORIENTALES

This early 19th Century French Chateau with an asking price of €690,000 (around $1m NZD) boasts 11 bedrooms, full cellar and 6,000 sq.m land!

LONDON

This 1-bedroom apartment in London might need some work but sits between the desirable Knightsbridge and Kensington and has an asking price of a touch over $1m NZD. The average price per sq.m in this area is around £11,321 or $21,000 NZD (2016 figures)
Property prices throughout the world, and even within New Zealand, vary significantly. Your best move really depends on what you're trying to achieve, whether it's your first home, your forever home or an investment. Get in touch if you'd like to have a chat with a mortgage advisor on options to achieve your own property goals.