Houses un­der $400k are still avail­able on mar­ket

Manukau Courier - - YOUR LOCAL NEWS - DILEEPA FON­SEKA

‘‘When you're see­ing a lot of cross-leases around here, it's mostly peo­ple rent­ing, but now peo­ple are start­ing to buy, be­cause it's cheaper.’’

Just 30 min­utes from Pon­sonby, an hour dur­ing peak times, op­po­site a pub­lic park and down the end of a wide drive­way lie six of Auck­land’s most affordable prop­er­ties.

One house on that drive­way, 1/140 Shif­nal Dr in Ma­nurewa, is a cross-leased three-bed­room house that is likely to sell for around $380,000 - just four times New Zealand’s av­er­age house­hold in­come, putting it be­low even the Gov­ern­ment’s stan­dard of what an affordable house should cost in Auck­land.

And there are oth­ers nearby in the mid-to-high $300,000 range, ac­cord­ing to LJ Hooker agent Char­lie Broth­ers - al­though he says buy­ers may have to ‘‘ad­just their ex­pec­ta­tions’’.

‘‘When you’re see­ing a lot of cross-leases around here, it’s mostly peo­ple rent­ing, but now peo­ple are start­ing to buy, be­cause it’s cheaper.’’

But Broth­ers, given the tongue-incheek ti­tle of ‘‘Mr Manukau’’ by col­leagues for his en­thu­si­asm for the South Auck­land prop­erty mar­ket, is hon­est about the draw­backs of the Shif­nal Dr prop­erty: the car­pet is heav­ily stained, parts of the kitchen need to be re­placed.

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