As single buyers they could borrow $700,000 but jointly, $1 million.
The couple saw the house by chance after leaving a third open home.
"How do we put up with this as a nation? It's obscene."
Living just 500 metres away, the purchaser drove past the house every day for ten years before buying it.
Realestate.co.nz says there are early signs the property market is cooling.
The 2-bedroom apartment in northern Auckland came in under budget at $512,000.
It's bad news for would-be first-home buyers in Hawke's Bay, the Hutt Valley and Marlborough.
Just one in 100 properties was bought for less than what it had previously been bought for.
Who should stump up for repairs - the renter or landlord?