Property sales data shows it's possible to buy a home for under $500,000.
It's the first time this has happened.
A property expert says there are pros and cons to giving people $50,000 to build a new house.
The Manurewa property was sold under the hammer on Wednesday.
One lucky bidder could get a foot on the Auckland property ladder for mere pocket change.
Farm sales fell almost 20 percent over the past three months, compared to 2019.
"What Homes by Orange have done for us cannot be overstated."
Sir John Key and Lady Bronagh supported their son at the June 28 auction.
Flatmate income can boost borrowing power and help pay off a mortgage faster.