![]() ![]() So how would that compare with Melbourne, Sydney or New York?Īccording to .nz. Or for the same amount of money you could get 145,843 Big Macs at $6 a pop. These questions were recently pondered by the technical boffins at local property valuation website .nz as they updated the valuations for 1.4 million New Zealand homes that are freely available on their website.īorrowing a leaf from the pages of the famous Big Mac Index developed by The Economist magazine to measure whether currencies in different countries are over or under-valued depending on their Big Mac purchasing power, .nz developed its own Big Mac Property Index.Īccording to the website, the median value of homes in Auckland was $875,056 at the beginning of this month. ![]() How many Big Macs would it take to pay for an average house in Auckland?Īnd assuming you could find a vendor willing to accept payment in the iconic burgers, how would Auckland's Big Mac buying power compare with other places such as Sydney, Melbourne or New York?
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