Two experts say Auckland house prices could hit a median of $1 million within the next 10 years - double the current average.

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Some common misconceptions about the housing market...

Good deals on mortgages and a rush to complete sales before winter have combined to make a good May for the property market, with sales surging and prices up.

Barfoot and Thompson has reported the busiest May for the Auckland real estate market in seven years, with prices up 2.5 per cent from April .