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: Should we ditch daylight saving? 🕰️
First introduced in New Zealand in 1927 with the passing of the Summer Time Act, it's what we know as 'Daylight Saving' and this year it ends on the first Sunday in April.
While we do get to sleep in this time around, some people would like to scrap the clock tinkering for good.
And why? Some evidence suggests the time changes are bad for our health as they mess with sleep patterns leading to short-term fatigue and affecting mood. Meanwhile the hour change is frustrating for farmers and a nightmare for getting the littlies to sleep. But what's your take?
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41% Yes - get rid of the clock changes
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57.2% No, I enjoy it
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1.8% Other - I'll share below
Sunday Market at St Johns – Come Say Hi!
Hi Neighbours !!!!
If you’re looking for an easy, feel-good way to start your Sunday, pop down to the St Johns Market it’s on every week and always worth a visit
Expect plenty to enjoy:
Delicious Food and Drink
Seasonal fruit & veg from local growers
Handmade goodies & crafts
Clothes, toys
It’s a laid-back, welcoming spot to catch up with neighbours, support local, and soak up the community vibe.
Stay connected & get updates:
Facebook
info.sjmarket@gmail.com
0274 671 446
Bring the kids, bring the dog, or just bring yourself and make a morning of it hope to see you there!
7 Allison Ferguson Drive, Auckland Netball Courts
Don't overthink this riddle...
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