Big families in Auckland are among those being asked to fork out almost $1.5m for a new home as the price of a five-bedroom property has more than doubled within the last decade.

Across all properties, average asking prices in Auckland had also risen to a new high of $897,300, up 2.9 per cent in October, or 13.2 per cent, $104,850 in the last 12 months.
Big family home in Auckland [5+bedrooms]: $1.45m
Auckland unit $612,550
Auckland $897,300
Wellington $491,100
Christchurch $477,800
Across the country $618,000
Read more here: Herald Property – Price of a large family home in Auckland more than doubles within the decade