Auckland house prices edge down month on month in June | World's most expensive TV series, costing $3,000,000,000, to begin filming in Auckland

Auckland's largest real estate agency, Barfoot & Thompson, recently released its property report for June.

 

The figures show Auckland's median house price was NZ$845,000, slightly below May's $850,000, but higher than the $810,000 recorded in June last year.

 

Barfoot sold 786 properties in June, down on May.

 

Barfoot & Thompson Managing Director Peter Thompson said: “More first-home buyers are entering the market, and demand exceeds supply for properties priced between NZ$800,000 and NZ$1,000,000. Sellers are also more willing to meet the market, and banks are showing a greater appetite for mortgage lending.”

 

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Sales of rural and estate properties on Auckland's North Shore and in the south were also strong. However, new listings in June totalled 1012, down on both the previous month and the same month last year. There were 4085 properties on the market at month-end, the lowest level in 10 months.

 

This suggests that subdued house prices are making owners less willing to sell. As winter arrives in Auckland, the property market has also shifted into its winter trading pattern.

 

 

 

 

World's most expensive TV series to begin filming in Auckland

 

Amazon's The Lord of the Rings, the “world's most expensive TV series”, with a budget of at least NZ$3,000,000,000, is set to begin filming in Auckland!

 

An Auckland screen industry veteran revealed that Kumeu Film Studios and Auckland Film Studios have been preparing for the series' pre-production work for more than a year. The American production crew has also arrived in Auckland!

 

 

Earlier media reports revealed that Amazon had scouted filming locations in Scotland, and the Christchurch terrorist attacks heightened concerns about losing the production. Now the dust has settled: New Zealand is the true home of Middle-earth.

 

The Lord of the Rings films, shot and produced in New Zealand, took NZ$5,000,000,000 at the global box office and won 17 Academy Awards, while also dazzling the world with New Zealand's scenery.

 

The Lord of the Rings television series will run for 5 seasons, with viewers potentially seeing the first season as early as 2021.