Connect with us

Business

Million-dollar dumps: Publicly owned properties fall to rack and ruin – Stuff.co.nz

These properties are worth seven figures – but many have been left to sit vacant and vandalised.

Published

on

Article feature image

New Zealand is in a housing crisis. Around the country, the demand for property continues to outstrip supply, driving record median prices even higher. Last month Stuff featured Auckland’s million-dollar dumps derelict residential properties worth seven figures. In part two of Caroline Williams investigation, she reveals some of the million-dollar dumps owned by the Auckland Council and the Government.
To the side of East Aucklands Te Ara ki Uta ki Tai cycleway, nestled in overgrown greenery, is…

Click here to view the original article.

You might also like ...

Article feature image
Mercedes-Benz continues its electric roll-out with EQS and EQB – Stuff.co.nz
Article feature image
Economists see short term inflationary pressures due to one-off costs, but expect these to recede as the year goes on and see little imminent need for interest rate rises – Interest.co.nz
Article feature image
Two dead in Tesla crash in Texas that was believed to be driverless – RNZ