House price headlines say property is more affordable. So what does $500,000 actually buy across New Zealand right now? Stevie found six real listings and dug into the details the advertising copy leaves out.

In this episode:

• Six real $500K property listings across Howick, Christchurch, Lower Hutt, Southland, Wellington and Auckland Central, compared side by side
• Why a one-bedroom no-carpark apartment in Auckland has a 2.9% yield and almost no resale buyer pool
• Why Linwood in Christchurch is one of the more sensible $500K buys on the list right now
• Why Stokes Valley in Lower Hutt has seen the biggest house price fall since peak anywhere in NZ
• The Wellington apartment with $10,000 a year in body corporate fees that's sold for less than it did in 2017
• The Auckland Central listing that looks like incredible value until you spot the GST exclusion and the management lease locked in until 2028
• Why bare land in Southland isn't an investment property, no matter how good the price looks
• What the $500K market actually reveals about where NZ property is genuinely accessible right now, and where it only looks that way

The price is just the starting line. What it actually buys you is the real story.

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