PHOTO: BRADEN FASTIER – Remax real estate owner Kate Bradley talks with listing agent Janice Emery at a Nelson property coming onto the market.
The bad news for first home buyers earning the average wage is that $500,000 will not go far in the Nelson region these days.
You are also likely to face stiff competition from other buyers, and are unlikely to have money left over for renovations.
The good news is that it’s not Auckland prices. And – if you search hard enough – there are some good homes left in the half-million dollar bracket.
As prices march upwards – an average Nelson city property is now valued at $594,000 and $586,000 in Tasman – Stuff wanted to discover whether half a million dollars could still buy you a decent entry into the market.
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