PHOTO: STREETVIEW 4 Blucher Ave, in Newtown, Wellington, made a capital gain of $737,500 when it sold recently – but it had been held by the same owners since the 1980s.
If you were hoping to sell your house in Auckland for the maximum capital gain possible, you may have missed your chance – this property cycle, at least.
New data from Homes.co.nz shows the median capital gain made by sellers in Auckland has slipped almost $70,000 compared to the first half of last year.
The property owners – including investors and owner-occupiers – who have sold Auckland residential properties so far this year have pocketed a median gain of $252,500 compared to the price they paid to purchase them. They had held them for a median five-and-a-half years.
That’s down from $320,700 in the first half of last year.
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