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!
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91.6% Yes
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7.7% No
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0.7% Other - I'll share below
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Heartbeats Sponsors Cardiac Rehab Nurse Specialist at Special Event in Orewa
With over 200 members across Auckland, Heartbeats is a community-based, peer-peer support group for heart patients and heart event survivors, everywhere.
On Thursday 12th December, Heartbeats Orewa has arranged for Ursula Balzat, RN and Cardiac Rehab Nurse Specialist (North Shore Hospital) to give a talk on heart failure and open-heart surgery rehabilitation and answer any questions on heart failure and heart management after surgery.
WHERE: Hibiscus Coast Community House (behind Estuary Arts Centre)
WHEN: Thursday 12th December
TIME: 10:45am - 12:00 noon
This is a free. informal presentation and talk. Everyone is welcome.
Bring a family member or friend and hear from a highly-experienced cardiac nurse who has been helping heart failure patients on the North Shore, for over 20 years
For more information: Call Trent on 0220 606 199
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