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Auckland’s Historic Home Sells for $5.5M | Auckland News
Auckland’s Parnell just saw a historic $5.5 million sale of a 1930s character home — the first time in decades that such a price tag has been hit for this kind of property. With 95 groups viewing and four bidders going head-to-head, the auction smashed council valuations and proved trophy homes still command top dollar. But while this gem sold like hotcakes, the broader Auckland market is in freefall — with average prices down 1% this quarter and the longest, deepest downturn in 30 years. Buyers are now focusing on the $3–5 million sweet spot, where well-presented, unique properties still…
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