Home buyers have “less choice than ever” as Covid-19 hits Auckland property market
The impact of the Covid-19 pandemic on Auckland’s property market is being felt, data from realestate.co.nz reveals.
The number of Auckland homes for sale in August was down 7 percent from the same period last year with just 7399 listings.
This echoed national trends where the housing supply decreased by 13.2 percent to 17,974 listings.
The average asking price nationwide has increased by 9.1 percent to $824,702 over this period.
However Auckland was at odds with this trend, with a slight decrease in asking price by 0.8 percent to $982,155.
Realestate.co.nz spokesperson Vanessa Taylor said the national housing shortage is not getting better and buyers have “less choice than ever”.
“New Zealand's fast-growing population coupled with an increase in the number of Kiwis returning home due to COVID-19 is likely increasing the demand for property,” she said.
"With many Kiwis unable or reluctant to relocate overseas right now, this too is likely putting a strain on the market.“
Are you concerned about the impact Covid-19 will have on the Auckland property market?
Live Q&A: Garden maintenance with Crewcut
This Wednesday, we are having another Neighbourly Q&A session. This time with John Bracewell from Crewcut.
John Bracewell, former Black Caps coach turned Franchisee Development Manager and currently the face of Crewcut’s #Movember campaign, knows a thing or two about keeping the grass looking sharp—whether it’s on a cricket pitch or in your backyard!
As a seasoned Crewcut franchisee, John is excited to answer your lawn and gardening questions. After years of perfecting the greens on the field, he's ready to share tips on how to knock your garden out of the park. Let's just say he’s as passionate about lush lawns as he is about a good game of cricket!
John is happy to answer questions about lawn mowing, tree/hedge trimming, tidying your garden, ride on mowing, you name it! He'll be online on Wednesday, 27th of November to answer them all.
Share your question below now ⬇️
OCR Rate cut today of 0.5 percent - great new for buyers
The Auckland real estate market has shown a positive change in recent months. The OCR rate cut today will further help.
What's your home worth in today's market?
I'm FREE to appraise your property.
If you are selling on the North Shore of Auckland ... Call me
Gabrielle Elborough on 021 257 5018
www.Gabrielle.nz...
Real Estate Agent
#SellWithGabrielle #barfootmairangibay #barfootmairangi
#BarfootAndThompson
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Some of my Sales
Park Avenue, Takapuna
Hastings Road, Mairangi Bay
Matipo Road, Mairangi Bay
Penzance Road, Mairangi Bay
East Coast Road, Browns Bay
East Coast Road, Northcross
Mayfair Crescent, Mairangi Bay
Tenbless Court, Unsworth Heights
Girrahween Drive, Totara Vale
Hythe Terrace, Mairangi Bay
Evelyn Place, Hillcrest
Norfolk Pines, Albany Highway
Tenbless Court, Unsworth Heights
Arran Road, Browns Bay
Matipo Road, Mairangi Bay
Hythe Terrace, Mairangi Bay
Landsberg Way, Windsor Park
Jeanette Place, Mairangi Bay
Kerria Place, Sunnynook
Library Lane, Albany
Amante Crescent, Mairangi Bay
Beach Road, Rothesay Bay
East Coast Road, Northcross
Archers Road, Glenfield
Girrahween Drive, Totara Vale
Auld Street, Torbay
Hythe Terrace, Mairangi Bay
Channel View Road, Campbells Bay
Prospect Terrace, Milford
Livingstone Street, Milford
Ramsgate Terrace, Mairangi Bay
Hythe Terrace, Mairangi Bay (again)
Alma Road, Milford
Beach Road, Browns Bay
Beach Road, Rothesay Bay
Hythe Terrace, Mairangi Bay
Mayfair Crescent, Mairangi Bay
Penzance Road, Mairangi Bay
Hythe Terrace, Mairangi Bay
Glenvale Place, Totara Vale
Jenanne Place, Totara Vale
Sunderland Ave, Hobsonville Point
Merton Ave, Glenfield
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#mairangibay #mairangi #campbellsbay #rothesaybay #castorbay #brownsbay #northcross #oteha #murraysbay #torbay #milfordbeach #totaravale #sunnynook #forresthill #unsworthheights #hillcrest #takapuna #northshoreauckland #northshorehomenz #eastcoastbays #sellwithgabrielle #buywithgabrielle #barfootmairangi #barfootmairangibay #barfootandthompson .
Poll: Should all neighbours have to contribute to improvements?
An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.
When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?
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82.3% Yes
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15.2% No
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2.6% Other - I'll share below
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