Million-dollar homes across New Zealand

(Barfoot & Thompson)
(Barfoot & Thompson)

If you have $1 million to spare, you're not going to get the most bang for your buck in Auckland.

The latest Quotable Value figures show the average house price in the Auckland region is now $1,013,632.

But what exactly does seven figures buy you in today's property market?

Million-dollar homes across New Zealand

(Barfoot & Thomspon)

This Glen Innes home sold for $1.013 million at auction last week. The three-bedroom, two-bathroom, single-garage property is described as a "starter" home.

"First-home buyers, professional couples or those looking for an entry-level opportunity into this desirable location - be quick to view."

It would take around 20 minutes to drive into the city.

Million-dollar homes across New Zealand

(Leaders)

This Mount Victoria townhouse is considerably closer to Wellington CBD, a five-minute drive or 15-minute walk. The house has three bedrooms, two bathrooms, but no garage and sold for exactly $1m.

The Shannon St villa boasts stunning views across the harbour as well as "original wooden floors, two bay windows, high ceilings and an existing basement [to] certainly enhance its potential as a fantastic inner-city home, or simply retain as a blue chip investment".

Million-dollar homes across New Zealand

(Open2view)

A million dollars in the Garden City could purchase this modern family home sitting on 862 square metres of land.

While a drive into the CBD would take around 20 minutes, with four bedrooms, two bathrooms and two garages, the Chaston Close property is clearly a steal compared to the previous two.

It is also more than 100 years younger than the Wellington home.

"Intelligent design makes this stylish home perfect for entertaining with a view, while possessing family friendly features at the same time."

Million-dollar homes across New Zealand

(Graeme Pennell)

This 1930s Dunedin townhouse boasts five bedrooms, two bathrooms and a single garage.

Incredibly this has sold for $950,000. That would leave you with enough spare change to buy a brand new car. However, because the house is only 850m from the Octagon, a car is something you might be able to do without.

According to the description, this house lends itself "to entertaining equally as well as family living".

"This attractive home has several living areas and enjoys spectacular city views and proximity to the central city."

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