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?
Poll: Are quality products on the decline?
Gift-giving looks a lot different these days when you can pick up super-cheap goods made overseas. But do they last?
Do you have any old items like appliances, electronics or clothing that have stood the test of time? Share below!
-
91.8% Yes
-
7.3% No
-
0.9% Other - I'll share below
Only the Sharpest Minds Will Get This Riddle… Are You One of Them?
I twinkle and glow, guiding paths in the snow.
I’m not the sun, moon, or star in the sky,
yet on rooftops and trees, you’ll see me up high.
What am I?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Retire in comfort and security
Premium care just meters away form our village. Join our caring community, where passion thrives. Trust Terrace Kennedy House for exceptional care and meaningful connections.
Loading…
