The market floor can be found in Murupara, a small town in the Bay of Plenty region, where Oregon Drive is New Zealand’ s cheapest street at just $ 183,000. Two streets closely follow this in Ohai, Southland: Birchwood Road($ 197,000) and Hastings Street($ 199,000).
Beyond Southland’ s significant presence, the affordable street list spans diverse regions, including Manawatū-Whanganui( two streets), West Coast( two streets), and Taranaki( one street).
Notably absent from this list are properties from any of New Zealand’ s major urban centres, with all ten cheapest streets located in smaller regional towns or rural districts.
This geographic pattern is the inverse of what drives premium property values in New Zealand’ s most expensive locations.
While Auckland’ s premium streets achieve their status through proximity to harbour views and urban amenities, the most affordable streets reflect their distance from economic centres and employment opportunities.
Most of these locations share common challenges: declining traditional industries, geographic isolation, and limited economic diversification.
Source: REINZ, Ray White Economics
Christchurch emerges as the most accessible major urban market, with Buckleys Road recording a median sale value of just $ 355,000, positioning it as a uniquely affordable gateway to city living.
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