a $15 million dollar house has been sold for $125,000, after it was put on the market for just one dollar a kiwi couple has snapped up a bargain by buying property for more than $125 million less than it is worth the four bedroom home near auckland attracted plenty of interest after its sellers put it on the market at such a low price the $15 million house a new zealand couple bought for just $125,000  real estate agent tony keegan said the melbourne based former owners were desperate to sell the property, which resulted in the million dollar bargain new owners donald and jenny gibbs said the deal was too good to pass up, according to the new zealand herald 'happy wife, happy life,' said mr gibbs, a ray white apartment agent, as he signed the sale and purchase agreement the house was listed by its former owners with just a $1 reserve, despite its million dollar price tag 'i bought it for the fireplace,' said mrs gibbs, who also said her two sons aged 18 and 21 would be able to live in the home before the auction, mr keegan questioned whether the owners would get the $95,000 they had paid in october 2010 but i think it will sell for rather more than $1 although that was its advertised reserve,' mr keegan said real estate agent tony keegan said the previous owners were desperate to sell, which was why it was sold for such a low price  before the auction, mr keegan questioned whether the owners would get the $95,000 they had paid in october 2010  new owners donald and jenny gibbs said the deal was too good to pass up at its drastically reduced price  the average house price in auckland is $766,912, almost seven times more than it was sold for  'the recently renovated home has polished wooden floors, a fireplace and high ceilings it is on cornwall park trust board land, and an annual leasehold fee of $37,500 house prices across new zealand are on the rise, with the average in auckland around $766,000, according to realestateconz prices in eight of auckland's suburbs rose at 179 over the last year this two bedroom home is currently up for sale in reservoir, near melbourne, for $3000 more than the house in new zealand was sold for  in many instances, it is more expensive to secure a marina berth for a boat   which costs around $140,000   than mr and mrs gibbs paid for their new home  houses in australia sold for $125,000 are hard to find, especially around major cities where prices are much higher the average house price in melbourne is $669,000, while the median price in sydney broke the million dollar mark last year in many instances, it is more expensive to secure a marina berth for a boat   which costs around $140,000   than mr and mrs gibbs paid for their new home a vacant 1524m x 3659m block in bar point bar point, nsw, would set potential buyers back $150,000, and one bedroom apartments in the northern territory come with a similar price tag  a nsw property in a bushfire danger area, that was caught in the 2013 fires, is currently advertised for $185,000   $60,000 more than the gibbs' paid for their new zealand home  a vacant commercial building is tasmania will set buyers back $150,000, and a three bedroom home in the same state costs around $155,000  a vacant 1524m x 3659m block in bar point bar point, nsw, would set potential buyers back $150,000, and one bedroom apartments in the northern territory come with a similar price tag a nsw property in a bushfire danger area, that was caught in the 2013 fires, is currently advertised for $185,000   $60,000 more than the gibbs' paid for their new zealand home a vacant commercial building is tasmania will set buyers back $150,000, and a three bedroom home in the same state costs around $155,000
house more than $125 million auckland new zealand $15 million 125,000 sydney melbourne
house sold for more than $125 million below value after owners put it on the market for just one dollar . the four bedroom home near auckland, new zealand, was valued at $15 million and sold for $125,000 . the price was almost ten times lower than the average in sydney, and almost six times below melbourne 