Property: $400k goes a long way (in some places)

Photo / Thinkstock

Property developer Andrew Bruce says the Auckland property market is "fueled by a series of pressure points all working together to drive prices upwards." He points out that there is a suppression of building work in the city because the cost of doing business with council is skyrocketing.

So where can you get the best bang for your buck? We compared the type of property you can purchase in different countries for the equivalent of around $400,000.

1. Auckland, New Zealand

For $400,000 you can buy a 1-bedroom, 1-bathroom freehold apartment and carpark in central Auckland.

View the listing here.

2. Johannesburg, South Africa

For around the same price, a 3-bedroom, 2-bathroom open plan house with a landscaped garden and large swimming pool awaits. Separate to the main house is a cottage with lounge, kitchenette, bedroom, and bathroom along with a separate staff quarters. All in the upscale northern suburb of Parkhurst.

View the listing here.

3. Queensland, Australia

A 186sqm, 3-bedroom, 2-bathroom townhouse in Coomera is available. The townhouse also has a 2-car garage, deck and shared swimming pool.

More details available here.

4. Tai Po, Hong Kong

A 1-bedroom 26.5sqm unit can be purchased. The Tai Po area is in the New Territories of Hong Kong.

View the listing here.

5. London, England

A spacious 2-bedroom, second floor apartment located in a purpose built building located close to Peckham's town centre costs around the same price. The unit is in Peckham is in South-East London within the London Borough of Southwark.

View more here.

6. Khao Tao, Thailand

Your $400,000 can buy a beachfront 2-bedroom, 2-bathroom condominium with panoramic sea and golf course views in Thailand.

View more here.

- nzherald.co.nz