an old gramma house can be acquired for 75k usd here The 175k is kind of a nice house in my opinion. We did not have a housing crisis here unlike the coastEven with the currency difference that's less than 300k NZD. You probably couldn't get anything locally at that price, at $280k USD you can get a do'er upper.
And I live in the cheap city. Aucklands basically double that.